Raymond James Financial Has Lowered Expectations for EQB (TSE:EQB) Stock Price

EQB (TSE:EQB) had its target price decreased by Raymond James Financial from C$127.00 to C$123.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 5.31% from the company’s previous close.

A number of other research firms also recently weighed in on EQB. Scotiabank lifted their price objective on EQB from C$105.00 to C$122.00 in a report on Friday, February 27th. TD decreased their price objective on EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a report on Thursday. TD Securities decreased their price objective on EQB from C$138.00 to C$132.00 in a report on Thursday, February 26th. Jefferies Financial Group lifted their price objective on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. Finally, Desjardins lifted their price objective on EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. 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, EQB has an average rating of “Hold” and an average target price of C$122.20.

EQB Trading Down 0.3%

EQB traded down C$0.32 on Friday, hitting C$116.80. 70,062 shares of the stock traded hands, compared to its average volume of 133,723. EQB has a 52 week low of C$83.93 and a 52 week high of C$126.51. The firm has a market capitalization of C$4.28 billion, a PE ratio of 19.50, a P/E/G ratio of 0.34 and a beta of 0.74. The business has a fifty day moving average price of C$115.78 and a two-hundred day moving average price of C$108.09.

EQB (TSE:EQB) last issued its quarterly earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share (EPS) for the quarter. EQB had a return on equity of 7.31% and a net margin of 7.79%.The firm had revenue of C$302.36 million for the quarter. On average, equities research analysts forecast that EQB will post 12.5988235 EPS for the current fiscal year.

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.