EQB (TSE:EQB) PT Set at C$129.00 by Jefferies Financial Group

EQB (TSE:EQB) has been assigned a C$129.00 price target by equities research analysts at Jefferies Financial Group in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 17.38% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. BMO Capital Markets lifted their price objective on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Scotiabank cut their price objective on EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. CIBC lifted their price objective on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Finally, Raymond James boosted their price target on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$117.00.

EQB Price Performance

TSE EQB traded up C$0.30 during trading hours on Thursday, reaching C$109.90. 17,936 shares of the stock traded hands, compared to its average volume of 64,742. The company has a market cap of C$4.22 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The stock has a 50 day simple moving average of C$105.19 and a two-hundred day simple moving average of C$102.50. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22.

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.