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

EQB (TSE:EQB - Get Free Report) had its price target decreased by equities research analysts at Jefferies Financial Group from C$126.00 to C$107.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group's target price would suggest a potential upside of 15.02% from the stock's current price.

Several other equities analysts also recently issued reports on EQB. Desjardins dropped their price target on shares of EQB from C$130.00 to C$126.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Scotiabank dropped their price target on shares of EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada reduced their price objective on shares of EQB from C$153.00 to C$147.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Raymond James lifted their target price on shares of EQB from C$112.00 to C$121.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Finally, National Bankshares boosted their price target on EQB from C$109.00 to C$117.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$120.60.

EQB Trading Down 0.4 %

TSE:EQB traded down C$0.34 on Monday, hitting C$93.03. The company had a trading volume of 17,372 shares, compared to its average volume of 78,039. The firm has a 50 day moving average of C$95.66 and a two-hundred day moving average of C$102.48. The stock has a market capitalization of C$3.60 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 52 week low of C$78.24 and a 52 week high of C$114.22.

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.