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

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’ target price suggests a potential upside of 12.27% from the stock’s current price.

EQB has been the topic of several other research reports. Veritas raised EQB to a “hold” rating in a report on Monday, December 1st. BMO Capital Markets raised EQB from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$108.00 to C$130.00 in a research note on Tuesday, January 20th. Desjardins raised their price objective on EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Jefferies Financial Group increased their price target on shares of EQB from C$97.00 to C$109.00 in a research report on Wednesday, February 11th. Finally, Raymond James Financial dropped their price objective on EQB from C$93.00 to C$91.00 in a research report on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$115.56.

EQB Trading Up 0.6%

Shares of EQB stock traded up C$0.67 during mid-day trading on Thursday, reaching C$117.57. The stock had a trading volume of 186,171 shares, compared to its average volume of 160,111. EQB has a 1-year low of C$83.93 and a 1-year high of C$126.51. The firm has a market cap 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. The business’s fifty day moving average is C$108.64 and its 200-day moving average is C$98.05.

EQB (TSE:EQB) last released its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 earnings per share for the quarter. EQB had a return on equity of 8.52% and a net margin of 13.04%. On average, 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.