EQB (TSE:EQB) Given New C$120.00 Price Target at National Bank Financial

EQB (TSE:EQB) had its target price lifted by investment analysts at National Bank Financial from C$111.00 to C$120.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 2.07% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Raymond James Financial cut their target price on EQB from C$93.00 to C$91.00 in a research note on Friday, December 5th. TD Securities reduced their price objective on EQB from C$138.00 to C$132.00 in a research note on Thursday. BMO Capital Markets upgraded shares of EQB from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$108.00 to C$130.00 in a report on Tuesday, January 20th. Veritas raised EQB to a “hold” rating in a research report on Monday, December 1st. Finally, Desjardins upped their target price on EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$115.56.

EQB Price Performance

EQB traded up C$0.67 during trading hours on Thursday, hitting C$117.57. 186,171 shares of the stock were exchanged, compared to its average volume of 160,111. EQB has a 12 month low of C$83.93 and a 12 month high of C$126.51. The stock has a 50-day simple moving average of C$108.64 and a 200-day simple moving average of C$98.05. The stock has a market cap of C$4.38 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74.

EQB (TSE:EQB) last issued its earnings results on Wednesday, December 3rd. The company reported C$6.56 earnings per share (EPS) for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. Sell-side analysts expect that EQB will post 12.5988235 EPS 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.