EQB (TSE:EQB) Raised to Hold at Veritas

EQB (TSE:EQB) was upgraded by analysts at Veritas to a “hold” rating in a report issued on Monday,Zacks.com reports.

EQB has been the subject of several other research reports. Desjardins lowered their price objective on shares of EQB from C$110.00 to C$103.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Royal Bank Of Canada decreased their price objective on shares of EQB from C$124.00 to C$112.00 and set an “outperform” rating on the stock in a research note on Friday, August 29th. Jefferies Financial Group dropped their price objective on shares of EQB from C$107.00 to C$93.00 in a research note on Tuesday, November 25th. CIBC cut their target price on shares of EQB from C$126.00 to C$116.00 and set a “hold” rating on the stock in a research report on Friday, August 29th. Finally, Scotiabank set a C$94.00 price target on EQB and gave the stock a “sector perform” rating in a report on Tuesday, November 25th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$101.40.

EQB Trading Up 1.7%

EQB opened at C$87.66 on Monday. EQB has a 1-year low of C$83.93 and a 1-year high of C$114.22. The stock has a market capitalization of C$3.36 billion, a PE ratio of 9.94, a PEG ratio of 0.34 and a beta of 1.17. The firm has a 50-day moving average price of C$89.36 and a two-hundred day moving average price of C$94.62.

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.