TD Cuts EQB (TSE:EQB) Price Target to C$123.00

EQB (TSE:EQB) had its price objective cut by analysts at TD from C$132.00 to C$123.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 3.53% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Jefferies Financial Group lifted their price objective on EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. Scotiabank lifted their price objective on EQB from C$105.00 to C$122.00 in a research report on Friday, February 27th. National Bank Financial set a C$120.00 price objective on EQB and gave the stock a “sector perform” rating in a research report on Friday, May 15th. TD Securities reduced their price objective on EQB from C$138.00 to C$132.00 in a research report on Thursday, February 26th. Finally, Desjardins lifted their price objective on EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, EQB currently has a consensus rating of “Hold” and an average price target of C$119.00.

EQB Price Performance

EQB stock traded up C$4.72 during trading on Thursday, reaching C$118.81. 161,832 shares of the company were exchanged, compared to its average volume of 133,555. EQB has a 52-week low of C$83.93 and a 52-week high of C$126.51. The company has a market capitalization of C$4.35 billion, a P/E ratio of 19.83, a PEG ratio of 0.34 and a beta of 0.74. The stock’s 50 day simple moving average is C$115.61 and its two-hundred day simple moving average is C$107.89.

EQB (TSE:EQB) last announced its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 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. As a group, equities analysts forecast that EQB will post 12.5988235 earnings per share 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.