EQB (TSE:EQB) Price Target Raised to C$110.00 at Desjardins

EQB (TSE:EQB) had its price target hoisted by research analysts at Desjardins from C$107.00 to C$110.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 8.93% from the stock’s previous close.

A number of other brokerages have also recently commented on EQB. Veritas upgraded EQB to a “hold” rating in a report on Monday, December 1st. Royal Bank Of Canada dropped their price objective on shares of EQB from C$124.00 to C$112.00 and set an “outperform” rating for the company in a research note on Friday, August 29th. CIBC cut their price objective on shares of EQB from C$126.00 to C$116.00 and set a “hold” rating on the stock in a research report on Friday, August 29th. Raymond James Financial lowered their target price on shares of EQB from C$93.00 to C$91.00 in a report on Friday, December 5th. Finally, National Bankshares dropped their price target on shares of EQB from C$104.00 to C$89.00 and set a “sector perform” rating for the company in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$101.78.

EQB Trading Up 2.6%

EQB traded up C$2.58 during trading hours on Thursday, hitting C$100.98. The company’s stock had a trading volume of 82,448 shares, compared to its average volume of 114,115. The stock has a market cap of C$3.88 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 0.34 and a beta of 0.95. The business’s 50-day moving average price is C$90.10 and its 200-day moving average price is C$94.72. EQB has a 12 month low of C$83.93 and a 12 month high of C$114.22.

EQB (TSE:EQB) last announced its earnings results on Wednesday, December 3rd. The company reported C$6.56 earnings per share (EPS) for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. On average, analysts forecast that EQB will post 12.5988235 earnings per share for the current year.

About EQB

EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives.