EQB (TSE:EQB) PT Set at C$130.00 by Desjardins

EQB (TSE:EQB) received a C$130.00 target price from research analysts at Desjardins in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 22.72% from the company’s current price.

EQB has been the topic of several other research reports. Cormark lowered EQB from a “buy” rating to a “market perform” rating and decreased their price target for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th. BMO Capital Markets boosted their target price on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. TD Securities cut EQB from a “buy” rating to a “hold” rating and dropped their price target for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. Raymond James boosted their price objective on shares of EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Scotiabank dropped their target price on shares of EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$118.30.

EQB Stock Down 1.4 %

Shares of TSE EQB opened at C$105.93 on Tuesday. The stock has a market capitalization of C$4.07 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth 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. The firm has a 50-day moving average price of C$104.53 and a 200 day moving average price of C$103.26.

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.