National Bank Financial Forecasts Strong Price Appreciation for EQB (TSE:EQB) Stock

EQB (TSE:EQB) had its target price hoisted by investment analysts at National Bank Financial from C$111.00 to C$120.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 2.07% from the company’s current price.

EQB has been the topic of several other research reports. TD Securities cut their target price on EQB from C$138.00 to C$132.00 in a research note on Thursday. Desjardins raised their target price on shares of EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Raymond James Financial decreased their price objective on EQB from C$93.00 to C$91.00 in a report on Friday, December 5th. Jefferies Financial Group increased their price target on EQB from C$97.00 to C$109.00 in a research note on Wednesday, February 11th. Finally, Scotiabank increased their price objective on shares of EQB from C$102.00 to C$105.00 in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$115.56.

EQB Price Performance

Shares of TSE:EQB traded up C$0.67 during mid-day trading on Thursday, reaching C$117.57. 186,171 shares of the company traded hands, compared to its average volume of 160,111. EQB has a 52 week low of C$83.93 and a 52 week high of C$126.51. The firm has a market cap of C$4.38 billion, a PE ratio of 17.68, a PEG ratio of 0.34 and a beta of 0.74. The company’s 50 day moving average price is C$108.64 and its 200-day moving average price is C$98.05.

EQB (TSE:EQB) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 EPS for the quarter. EQB had a return on equity of 8.52% and a net margin of 13.04%. On average, research analysts predict that EQB will post 12.5988235 earnings per share for the current fiscal 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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.