EQB (TSE:EQB) Stock Price Expected to Rise, National Bankshares Analyst Says

EQB (TSE:EQB) had its price objective boosted by National Bankshares from C$109.00 to C$117.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 15.53% from the company’s current price.

A number of other brokerages have also weighed in on EQB. CIBC raised their price target on shares of EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Scotiabank lowered their price target on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. BMO Capital Markets lifted their target price on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Raymond James lifted their target price on shares of EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Desjardins set a C$130.00 target price on shares of EQB and gave the stock a “buy” rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$122.80.

EQB Price Performance

Shares of EQB stock opened at C$101.27 on Wednesday. The firm has a market cap of C$3.92 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.34 and a beta of 1.59. The firm has a 50 day simple moving average of C$105.27 and a 200 day simple moving average of C$103.91. EQB has a fifty-two week low of C$78.24 and a fifty-two week high of C$114.22.

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.