Jefferies Financial Group Issues Positive Forecast for EQB (TSE:EQB) Stock Price

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 stock 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 indicate a potential upside of 16.98% from the stock's current price.

Other equities analysts have also recently issued reports about the company. National Bankshares reduced their target price on EQB from C$117.00 to C$111.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 22nd. CIBC dropped their target price on EQB from C$130.00 to C$126.00 in a report on Thursday, May 22nd. Finally, BMO Capital Markets downgraded EQB from a "strong-buy" rating to a "hold" rating and dropped their target price for the stock from C$115.00 to C$111.00 in a report on Tuesday. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, EQB has an average rating of "Moderate Buy" and an average target price of C$118.40.

EQB Price Performance

EQB stock traded up C$0.84 during trading hours on Wednesday, reaching C$101.73. The company had a trading volume of 35,609 shares, compared to its average volume of 85,066. The company has a 50-day moving average price of C$99.52 and a 200 day moving average price of C$98.38. The firm has a market cap of C$3.94 billion, a price-to-earnings ratio of 15.86, a P/E/G 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.

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.

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