Raymond James Boosts EQB (TSE:EQB) Price Target to C$121.00

EQB (TSE:EQB) had its price objective hoisted by equities researchers at Raymond James from C$112.00 to C$121.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 13.20% from the company’s previous close. Raymond James also issued estimates for EQB’s Q1 2025 earnings at $2.93 EPS, Q2 2025 earnings at $3.04 EPS, Q3 2025 earnings at $3.15 EPS, Q4 2025 earnings at $3.25 EPS, Q1 2026 earnings at $3.21 EPS, Q2 2026 earnings at $3.30 EPS, Q3 2026 earnings at $3.41 EPS, Q4 2026 earnings at $3.52 EPS and FY2026 earnings at $13.43 EPS.

A number of other research firms also recently issued reports on EQB. Scotiabank decreased their price objective on EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. BMO Capital Markets increased 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 lowered EQB from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. CIBC boosted their price target on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Finally, Cormark downgraded EQB from a “buy” rating to a “market perform” rating and cut their price objective for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, EQB presently has a consensus rating of “Hold” and an average price target of C$115.50.

EQB Stock Up 0.7 %

Shares of EQB stock opened at C$106.89 on Friday. The company has a market capitalization of C$4.10 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a 12-month low of C$78.24 and a 12-month high of C$113.20. The firm has a fifty day moving average of C$104.57 and a 200-day moving average of C$100.94.

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.