EQB (TSE:EQB) PT Set at C$110.00 by Desjardins

Key Points

• Desjardins has set a target price of C$110.00 for EQB, indicating a potential upside of 8.13% from the last closing price.
• Analyst ratings for EQB are mixed, with four holding a "hold" rating and six issuing a "buy" rating, leading to an average rating of "Moderate Buy" with a consensus price target of C$118.40.
• EQB's stock is currently priced at C$101.73 and has a market capitalization of C$3.94 billion, reflecting a price-to-earnings ratio of 15.86.

EQB (TSE:EQB - Get Free Report) received a C$110.00 target price from Desjardins in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price objective would indicate a potential upside of 8.13% from the company's previous close.

A number of other brokerages have also recently commented on EQB. National Bankshares cut their price target on shares of EQB from C$117.00 to C$111.00 and set a "sector perform" rating for the company in a research note on Thursday, May 22nd. Jefferies Financial Group increased their price target on shares of EQB from C$107.00 to C$119.00 in a research note on Wednesday. BMO Capital Markets cut shares of EQB from a "strong-buy" rating to a "hold" rating and cut their price target for the company from C$115.00 to C$111.00 in a research note on Tuesday. Finally, CIBC cut their price target on shares of EQB from C$130.00 to C$126.00 in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, EQB currently has an average rating of "Moderate Buy" and a consensus price target of C$118.40.

EQB Stock Performance

EQB stock traded up C$0.84 during mid-day trading on Wednesday, reaching C$101.73. The company's stock had a trading volume of 35,609 shares, compared to its average volume of 85,066. The company has a market capitalization of C$3.94 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 12 month low of C$85.14 and a 12 month high of C$114.22. The business's 50 day simple moving average is C$99.52 and its 200 day simple moving average is C$98.38.

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.

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