EQB (OTCMKTS:EQGPF) Shares Up 9.7% – What’s Next?

Shares of EQB Inc. (OTCMKTS:EQGPF) shot up 9.7% on Wednesday . The company traded as high as $104.82 and last traded at $104.82. Approximately 284 shares traded hands during trading, a decline of 98% from the average session volume of 12,948 shares. The stock had previously closed at $95.59.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EQGPF. Scotiabank reaffirmed a “sector perform” rating on shares of EQB in a report on Monday, June 1st. Jefferies Financial Group reiterated a “hold” rating on shares of EQB in a report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, EQB presently has an average rating of “Moderate Buy”.

EQB Trading Up 9.7%

The firm’s 50-day moving average price is $88.26 and its two-hundred day moving average price is $84.02.

About EQB

Equitable Group Inc (OTCMKTS: EQGPF) is the holding company for Equitable Bank, a Schedule I Canadian bank headquartered in Toronto. Established in 1970 as The Equitable Trust Company, the organization has grown into a diversified financial services provider with a focus on both residential and commercial lending. Equitable Group operates under a bank charter, offering a range of mortgage products—from government-insured and uninsurable residential mortgages to commercial and construction loans—catering to individuals, small businesses, and professional investors across Canada.

In addition to its core lending activities, Equitable Group has developed a digital banking arm known as EQ Bank.