EQB (TSE:EQB) Given New C$122.00 Price Target at Scotiabank

EQB (TSE:EQB) had its price objective boosted by equities research analysts at Scotiabank from C$105.00 to C$122.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 6.07% from the stock’s current price.

EQB has been the subject of a number of other reports. Jefferies Financial Group raised their price target on shares of EQB from C$97.00 to C$109.00 in a report on Wednesday, February 11th. TD Securities decreased their price target on EQB from C$138.00 to C$132.00 in a report on Thursday. BMO Capital Markets raised shares of EQB from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$108.00 to C$130.00 in a report on Tuesday, January 20th. Veritas upgraded EQB to a “hold” rating in a research note on Monday, December 1st. Finally, Desjardins increased their price target on shares of EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$117.44.

EQB Trading Down 1.2%

EQB stock traded down C$1.35 during midday trading on Friday, hitting C$115.02. The stock had a trading volume of 85,500 shares, compared to its average volume of 159,386. The firm has a market cap of C$4.29 billion, a P/E ratio of 17.30, a price-to-earnings-growth 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. The business has a fifty day moving average price of C$108.94 and a two-hundred day moving average price of C$98.18.

EQB (TSE:EQB) last issued its quarterly earnings results 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, equities analysts anticipate 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.