EQB (TSE:EQB) Price Target Raised to C$121.00

EQB (TSE:EQB) had its price target raised by equities researchers at Raymond James from C$112.00 to C$121.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 13.08% from the stock’s previous close.

Several other research analysts have also recently weighed in on EQB. Cormark cut EQB from a “buy” rating to a “market perform” rating and cut their target price for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Scotiabank decreased their price target on EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th. TD Securities lowered EQB from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th. CIBC increased their price target on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets lifted their price objective on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$115.50.

EQB Stock Up 0.8 %

Shares of TSE EQB traded up C$0.84 during mid-day trading on Friday, reaching C$107.00. 25,348 shares of the company were exchanged, compared to its average volume of 68,708. The firm has a 50-day moving average of C$104.57 and a 200 day moving average of C$100.83. EQB has a 1 year low of C$78.24 and a 1 year high of C$113.20. The stock has a market cap of C$4.11 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 0.34 and a beta of 1.59.

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.