EQB (TSE:EQB) Given New C$125.00 Price Target at Desjardins

EQB (TSE:EQB) had its target price increased by equities researchers at Desjardins from C$110.00 to C$125.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 7.78% from the company’s current price.

A number of other research analysts have also weighed in on EQB. Jefferies Financial Group cut their price objective on EQB from C$107.00 to C$93.00 in a report on Tuesday, November 25th. Scotiabank raised their price target on shares of EQB from C$102.00 to C$105.00 in a research report on Friday, January 9th. BMO Capital Markets raised shares of EQB from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$108.00 to C$130.00 in a report on Tuesday, January 20th. TD Securities raised their target price on shares of EQB from C$96.00 to C$103.00 and gave the stock a “hold” rating in a report on Friday, December 5th. Finally, Raymond James Financial decreased their target price on shares of EQB from C$93.00 to C$91.00 in a research report on Friday, December 5th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, EQB currently has a consensus rating of “Hold” and a consensus target price of C$107.11.

EQB Price Performance

EQB stock traded up C$1.66 during mid-day trading on Monday, reaching C$115.98. 80,836 shares of the company traded hands, compared to its average volume of 148,946. The firm’s fifty day moving average is C$102.79 and its two-hundred day moving average is C$96.74. The company has a market capitalization of C$4.33 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$116.47.

EQB (TSE:EQB) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 earnings per share for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. As a group, equities research analysts predict 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. 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.