EQB (TSE:EQB) PT Set at C$129.00 by Jefferies Financial Group

EQB (TSE:EQB) has been given a C$129.00 target price by equities researchers at Jefferies Financial Group in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 17.38% from the stock’s previous close.

EQB has been the subject of several other research reports. BMO Capital Markets raised their price objective on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. TD Securities downgraded shares of EQB from a “buy” rating to a “hold” rating and decreased their price target for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Cormark downgraded shares of EQB from a “buy” rating to a “market perform” rating and decreased their price target for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Scotiabank decreased their price target on shares of EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th. Finally, CIBC lifted their price objective on shares of EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, EQB presently has an average rating of “Moderate Buy” and an average price target of C$117.00.

EQB Price Performance

Shares of TSE EQB traded up C$0.30 during mid-day trading on Thursday, hitting C$109.90. 17,936 shares of the company’s stock traded hands, compared to its average volume of 64,742. The company has a market capitalization of C$4.22 billion, a P/E ratio of 11.54, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22. The company’s 50-day moving average is C$105.19 and its two-hundred day moving average is C$102.50.

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.