Raymond James Financial Has Lowered Expectations for EQB (TSE:EQB) Stock Price

EQB (TSE:EQB) had its price objective dropped by Raymond James Financial from C$127.00 to C$123.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 5.31% from the company’s previous close.

A number of other research analysts have also commented on EQB. National Bank Financial set a C$120.00 price objective on EQB and gave the company a “sector perform” rating in a research report on Friday, May 15th. TD decreased their price objective on EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank increased their price objective on EQB from C$105.00 to C$122.00 in a research report on Friday, February 27th. Jefferies Financial Group increased their price target on EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. Finally, TD Securities reduced their price target on EQB from C$138.00 to C$132.00 in a research report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$122.20.

EQB Stock Performance

EQB traded down C$0.32 during mid-day trading on Friday, reaching C$116.80. The stock had a trading volume of 70,062 shares, compared to its average volume of 133,723. The stock has a market capitalization of C$4.28 billion, a P/E ratio of 19.50, a P/E/G ratio of 0.34 and a beta of 0.74. The firm’s fifty day simple moving average is C$115.78 and its two-hundred day simple moving average is C$108.09. EQB has a 52 week low of C$83.93 and a 52 week high of C$126.51.

EQB (TSE:EQB) last announced its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. The firm had revenue of C$302.36 million for the quarter. EQB had a return on equity of 7.31% and a net margin of 7.79%. As a group, analysts expect that EQB will post 12.5988235 EPS 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.