EQB (TSE:EQB) Given New C$119.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group has increased its price target for EQB stock from C$107.00 to C$119.00, suggesting a potential upside of 16.98% from the current stock price.
• Other analysts have lowered their target prices, with National Bankshares reducing theirs to C$111.00 and CIBC adjusting to C$126.00, while BMO Capital Markets downgraded EQB from "strong-buy" to "hold."
• As of the latest trading session, EQB stock reached C$101.73 and has had a 12-month trading range between C$85.14 and C$114.22.

EQB (TSE:EQB - Get Free Report) had its price target boosted by analysts at Jefferies Financial Group from C$107.00 to C$119.00 in a report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group's target price would suggest a potential upside of 18.28% from the stock's previous close.

EQB has been the subject of several other research reports. BMO Capital Markets downgraded shares of EQB from a "strong-buy" rating to a "hold" rating and lowered their target price for the company from C$115.00 to C$111.00 in a report on Tuesday, August 12th. National Bankshares dropped their price objective on shares of EQB from C$117.00 to C$111.00 and set a "sector perform" rating on the stock in a report on Thursday, May 22nd. Finally, CIBC dropped their price objective on EQB from C$130.00 to C$126.00 in a report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, EQB has an average rating of "Moderate Buy" and a consensus target price of C$117.70.

EQB Stock Down 1.2%

TSE EQB traded down C$1.22 on Wednesday, reaching C$100.61. The company had a trading volume of 77,454 shares, compared to its average volume of 85,367. The company's fifty day moving average is C$100.26 and its 200 day moving average is C$98.04. EQB has a 52-week low of C$85.14 and a 52-week high of C$114.22. The stock has a market capitalization of C$3.89 billion, a P/E ratio of 15.69, a P/E/G 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.