EQB (TSE:EQB) Stock Price Expected to Rise, Desjardins Analyst Says

EQB (TSE:EQB) had its price objective upped by equities research analysts at Desjardins from C$130.00 to C$132.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 10.46% from the company’s previous close.

Several other brokerages have also commented on EQB. Scotiabank upped their price target on EQB from C$105.00 to C$122.00 in a research note on Friday, February 27th. National Bank Financial upped their price target on EQB from C$111.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Thursday, February 26th. BMO Capital Markets raised EQB from a “hold” rating to an “outperform” rating and upped their price target for the company from C$108.00 to C$130.00 in a research note on Tuesday, January 20th. TD Securities decreased their price target on EQB from C$138.00 to C$132.00 in a research note on Thursday, February 26th. Finally, Jefferies Financial Group upped their price target on EQB from C$97.00 to C$109.00 in a research note on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$118.22.

EQB Trading Down 1.5%

TSE EQB traded down C$1.76 on Tuesday, reaching C$119.50. 67,610 shares of the company were exchanged, compared to its average volume of 137,592. The business’s fifty day moving average price is C$115.01 and its 200 day moving average price is C$104.58. The stock has a market capitalization of C$4.38 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 0.34 and a beta of 0.70. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$126.51.

EQB Company Profile

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.