EQB (TSE:EQB) Upgraded by Scotiabank to Hold Rating

EQB (TSE:EQB) was upgraded by Scotiabank to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts have also weighed in on the company. CIBC cut their price objective on EQB from C$126.00 to C$116.00 and set a “hold” rating for the company in a report on Friday, August 29th. Jefferies Financial Group cut their price target on shares of EQB from C$107.00 to C$93.00 in a report on Tuesday, November 25th. Raymond James Financial lowered their price objective on shares of EQB from C$93.00 to C$91.00 in a research note on Friday, December 5th. National Bankshares dropped their target price on shares of EQB from C$104.00 to C$89.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. Finally, Veritas raised shares of EQB to a “hold” rating in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$101.78.

EQB Trading Down 0.4%

Shares of TSE:EQB opened at C$103.45 on Monday. The company has a 50 day moving average of C$90.96 and a 200-day moving average of C$95.05. The firm has a market cap of C$3.98 billion, a P/E ratio of 15.56, a P/E/G ratio of 0.34 and a beta of 0.95. EQB has a twelve month low of C$83.93 and a twelve month high of C$114.22.

EQB (TSE:EQB) last announced its 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%. Equities research analysts forecast that EQB will post 12.5988235 EPS for the current 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.