EQB (TSE:EQB) Price Target Raised to C$117.00 at National Bankshares

EQB (TSE:EQB) had its target price upped by research analysts at National Bankshares from C$109.00 to C$117.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 14.52% from the stock’s current price.

EQB has been the subject of several other research reports. TD Securities downgraded shares of EQB from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$126.00 to C$110.00 in a research report on Friday, December 6th. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and dropped their price target for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Jefferies Financial Group set a C$129.00 price target on shares of EQB and gave the stock a “buy” rating in a research note on Thursday, January 30th. BMO Capital Markets increased their price target on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Finally, Raymond James upped their price objective on shares of EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$119.40.

EQB Stock Down 0.0 %

Shares of EQB traded down C$0.01 during mid-day trading on Wednesday, reaching C$102.17. 63,994 shares of the company’s stock were exchanged, compared to its average volume of 61,515. The company has a 50-day simple moving average of C$105.14 and a two-hundred day simple moving average of C$103.87. EQB has a 52-week low of C$78.24 and a 52-week high of C$114.22. The company has a market cap of C$3.95 billion, a price-to-earnings ratio of 15.93, a PEG 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.