EQB (TSE:EQB) Price Target Raised to C$143.00

EQB (TSE:EQB) had its price objective hoisted by equities researchers at National Bank Financial from C$120.00 to C$143.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 2.19% from the company’s current price.

Several other analysts have also recently issued reports on EQB. Raymond James Financial dropped their price objective on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Jefferies Financial Group boosted their target price on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. TD dropped their price target on EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Desjardins increased their price target on EQB from C$132.00 to C$155.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Scotiabank upped their target price on EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, EQB currently has an average rating of “Hold” and a consensus price target of C$130.10.

EQB Stock Performance

Shares of EQB traded down C$1.68 during trading hours on Thursday, hitting C$139.94. 74,803 shares of the stock were exchanged, compared to its average volume of 118,128. The stock’s 50-day moving average price is C$133.46 and its two-hundred day moving average price is C$121.50. EQB has a 12-month low of C$83.93 and a 12-month high of C$150.32. The company has a market cap of C$4.96 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92.

EQB (TSE:EQB) last announced its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 earnings per share for the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%.The company had revenue of C$302.36 million for the quarter. On average, research analysts expect that EQB will post 12.5988235 earnings per share for the current year.

Insider Buying and Selling at EQB

In other EQB news, insider Loblaw Companies Limited purchased 8,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of C$137.62 per share, with a total value of C$1,100,960.00. Following the purchase, the insider directly owned 1,346,100 shares in the company, valued at approximately C$185,250,282. This trade represents a 0.60% increase in their position. Also, Director Darren Lorimer sold 750 shares of the firm’s stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of C$149.24, for a total value of C$111,930.00. Following the sale, the director directly owned 6,988 shares of the company’s stock, valued at C$1,042,889.12. The trade was a 9.69% decrease in their ownership of the stock. Over the last quarter, insiders have acquired 38,100 shares of company stock worth $5,407,348 and have sold 7,484 shares worth $1,069,719. Company insiders own 29.02% of the company’s stock.

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.