EQB (TSE:EQB) Given a C$110.00 Price Target by Desjardins Analysts

EQB (TSE:EQB) received a C$110.00 price target from equities researchers at Desjardins in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 8.29% from the stock’s previous close. Desjardins also issued estimates for EQB’s FY2025 earnings at $10.15 EPS and FY2026 earnings at $12.20 EPS.

A number of other equities analysts also recently commented on EQB. BMO Capital Markets downgraded EQB from a “strong-buy” rating to a “hold” rating and decreased their target price for the company from C$115.00 to C$111.00 in a research note on Tuesday. National Bankshares decreased their target price on EQB from C$117.00 to C$111.00 and set a “sector perform” rating for the company in a research note on Thursday, May 22nd. CIBC decreased their target price on EQB from C$130.00 to C$126.00 in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group lifted their target price on EQB from C$107.00 to C$119.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$118.40.

EQB Stock Performance

Shares of EQB stock opened at C$101.58 on Wednesday. The firm has a market cap of C$3.93 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 1 year low of C$85.14 and a 1 year high of C$114.22. The firm’s 50-day simple moving average is C$99.91 and its 200-day simple moving average is C$98.32.

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.