EQB (TSE:EQB) PT Set at C$120.00 by National Bank Financial

EQB (TSE:EQB) has been given a C$120.00 target price by equities researchers at National Bank Financial in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 4.92% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Desjardins boosted their price objective on shares of EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Scotiabank lifted their target price on shares of EQB from C$105.00 to C$122.00 in a report on Friday, February 27th. BMO Capital Markets upgraded shares of EQB from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$108.00 to C$130.00 in a report on Tuesday, January 20th. TD Securities reduced their target price on shares of EQB from C$138.00 to C$132.00 in a report on Thursday, February 26th. Finally, Jefferies Financial Group lifted their target price on shares of EQB from C$97.00 to C$109.00 in a report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$118.22.

EQB Price Performance

Shares of TSE EQB remained flat at C$114.37 during trading on Friday. 38,734 shares of the stock traded hands, compared to its average volume of 134,839. EQB has a one year low of C$83.93 and a one year high of C$126.51. The stock has a 50-day moving average of C$115.19 and a 200-day moving average of C$106.17. The company has a market cap of C$4.19 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 0.34 and a beta of 0.74.

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. 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.