Jefferies Financial Group Issues Positive Forecast for EQB (TSE:EQB) Stock Price

EQB (TSE:EQB) had its target price boosted by research analysts at Jefferies Financial Group from C$122.00 to C$129.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential downside of 7.82% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. National Bank Financial increased their price objective on shares of EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a report on Thursday. Raymond James Financial boosted their target price on EQB from C$123.00 to C$136.00 and gave the stock a “sector perform” rating in a report on Thursday. Scotiabank upped their target price on EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Desjardins lifted their price target on EQB from C$132.00 to C$155.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, TD dropped their price objective on EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a research note on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$130.10.

EQB Trading Down 1.2%

EQB stock traded down C$1.68 during trading on Thursday, hitting C$139.94. The company had a trading volume of 74,803 shares, compared to its average volume of 118,128. The firm has a market capitalization of C$4.96 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 0.34 and a beta of 0.92. The business has a 50 day moving average of C$133.46 and a 200 day moving average of C$121.50. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32.

EQB (TSE:EQB) last released its earnings results on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. The firm had revenue of C$302.36 million for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. As a group, equities analysts predict that EQB will post 12.5988235 EPS for the current year.

Insider Transactions at EQB

In other news, insider Gavin Stanley sold 900 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of C$137.37, for a total transaction of C$123,633.00. Following the completion of the sale, the insider directly owned 2,238 shares of the company’s stock, valued at C$307,434.06. This represents a 28.68% decrease in their ownership of the stock. Also, Director Darren Lorimer sold 750 shares of the stock in a transaction on Thursday, July 16th. The shares were sold at an average price of C$149.24, for a total value of C$111,930.00. Following the completion of the transaction, the director owned 6,988 shares of the company’s stock, valued at C$1,042,889.12. This trade represents a 9.69% decrease in their position. Over the last three months, insiders have purchased 38,100 shares of company stock valued at $5,407,348 and have sold 7,484 shares valued at $1,069,719. 29.02% of the stock is owned by insiders.

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.