EQB (TSE:EQB) Given New C$121.00 Price Target at Raymond James

EQB (TSE:EQB) had its price target lifted by stock analysts at Raymond James from C$112.00 to C$121.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 13.08% from the stock’s previous close.

A number of other brokerages have also commented on EQB. CIBC lifted their price target on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. Cormark downgraded EQB from a “buy” rating to a “market perform” rating and decreased their price objective for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and cut their target price for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. Scotiabank decreased their target price on shares of EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$115.50.

EQB Stock Up 0.8 %

Shares of EQB traded up C$0.84 during trading hours on Friday, hitting C$107.00. 25,348 shares of the company were exchanged, compared to its average volume of 68,708. The firm’s fifty day moving average is C$104.57 and its 200 day moving average is C$100.83. EQB has a fifty-two week low of C$78.24 and a fifty-two week high of C$113.20. The company 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.

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.