Desjardins Raises EQB (TSE:EQB) Price Target to C$125.00

EQB (TSE:EQB) had its price target lifted by equities research analysts at Desjardins from C$110.00 to C$125.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 5.86% from the stock’s current price.

Other analysts have also issued research reports about the stock. TD Securities boosted their price target on shares of EQB from C$96.00 to C$103.00 and gave the company a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group decreased their target price on shares of EQB from C$107.00 to C$93.00 in a research report on Tuesday, November 25th. Raymond James Financial lowered their target price on shares of EQB from C$93.00 to C$91.00 in a report on Friday, December 5th. Veritas upgraded EQB to a “hold” rating in a research note on Monday, December 1st. Finally, Scotiabank boosted their price objective on EQB from C$102.00 to C$105.00 in a report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$107.11.

EQB Price Performance

Shares of EQB stock opened at C$118.08 on Monday. The business has a 50-day simple moving average of C$104.01 and a 200 day simple moving average of C$96.92. EQB has a one year low of C$83.93 and a one year high of C$119.06. The firm has a market capitalization of C$4.40 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 0.34 and a beta of 0.74.

EQB (TSE:EQB) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 EPS for the quarter. EQB had a return on equity of 8.52% and a net margin of 13.04%. On average, 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.