EQB (TSE:EQB) Price Target Lowered to C$132.00 at TD Securities

EQB (TSE:EQB) had its price objective decreased by research analysts at TD Securities from C$138.00 to C$132.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 12.27% from the company’s current price.

A number of other equities analysts have also recently issued reports on EQB. Scotiabank lifted their target price on EQB from C$102.00 to C$105.00 in a report on Friday, January 9th. Jefferies Financial Group lifted their price objective on shares of EQB from C$97.00 to C$109.00 in a research note on Wednesday, February 11th. Veritas upgraded EQB to a “hold” rating in a report on Monday, December 1st. Desjardins boosted their price objective on EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, National Bank Financial upped their target price on shares of EQB from C$98.00 to C$111.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$115.56.

EQB Stock Up 0.6%

Shares of TSE EQB traded up C$0.67 during midday trading on Thursday, hitting C$117.57. The stock had a trading volume of 186,171 shares, compared to its average volume of 160,111. The company has a fifty day moving average price of C$108.64 and a 200 day moving average price of C$98.05. The company has a market capitalization of C$4.38 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 0.34 and a beta of 0.74. EQB has a 1-year low of C$83.93 and a 1-year high of C$126.51.

EQB (TSE:EQB) last released its quarterly earnings results on Wednesday, December 3rd. The company reported C$6.56 EPS for the quarter. EQB had a return on equity of 8.52% and a net margin of 13.04%. On average, research analysts forecast that EQB will post 12.5988235 EPS for the current year.

EQB Company Profile

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.