Jefferies Financial Group Forecasts Strong Price Appreciation for EQB (TSE:EQB) Stock

EQB (TSE:EQB) had its price target lifted by equities research analysts at Jefferies Financial Group from C$97.00 to C$109.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential downside of 5.58% from the company’s previous close.

Several other brokerages have also commented on EQB. Scotiabank upped their price target on EQB from C$102.00 to C$105.00 in a research note on Friday, January 9th. Raymond James Financial decreased their target price on EQB from C$93.00 to C$91.00 in a report on Friday, December 5th. Desjardins raised their price target on shares of EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a report on Monday. TD Securities boosted their price objective on shares of EQB from C$96.00 to C$103.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Finally, BMO Capital Markets raised shares of EQB from a “hold” rating to an “outperform” rating and raised their target price for the company from C$108.00 to C$130.00 in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$108.89.

EQB Price Performance

TSE:EQB traded down C$2.64 during trading hours on Wednesday, reaching C$115.44. 97,026 shares of the company were exchanged, compared to its average volume of 148,170. The firm has a market cap of C$4.31 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 0.34 and a beta of 0.74. The stock has a 50 day simple moving average of C$104.01 and a 200 day simple moving average of C$96.92. EQB has a 52-week low of C$83.93 and a 52-week high of C$119.06.

EQB (TSE:EQB) last announced its quarterly earnings data 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 predict that EQB will post 12.5988235 EPS for the current fiscal year.

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.