National Bank Financial Boosts EQB (TSE:EQB) Price Target to C$111.00

EQB (TSE:EQB) had its price target hoisted by stock analysts at National Bank Financial from C$98.00 to C$111.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential downside of 7.80% from the stock’s current price.

EQB has been the subject of several other reports. TD Securities boosted their price objective on EQB from C$96.00 to C$103.00 and gave the stock a “hold” rating in a report on Friday, December 5th. Raymond James Financial cut their price target on EQB from C$93.00 to C$91.00 in a report on Friday, December 5th. Desjardins lifted their price target 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. Veritas upgraded EQB to a “hold” rating in a report on Monday, December 1st. Finally, Jefferies Financial Group increased their price objective on shares of EQB from C$97.00 to C$109.00 in a research report on Wednesday, February 11th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, EQB presently has a consensus rating of “Hold” and an average price target of C$111.33.

EQB Price Performance

Shares of TSE EQB traded up C$2.56 during trading hours on Tuesday, hitting C$120.39. 102,855 shares of the company’s stock were exchanged, compared to its average volume of 145,314. The stock has a market capitalization of C$4.49 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 0.34 and a beta of 0.74. The company’s 50-day moving average price is C$105.81 and its 200-day moving average price is C$97.25. EQB has a 1-year low of C$83.93 and a 1-year high of C$120.53.

EQB (TSE:EQB) last posted its quarterly earnings results 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%. On average, research analysts expect that EQB will post 12.5988235 earnings per share for the current 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.