TD Securities Issues Pessimistic Forecast for EQB (TSE:EQB) Stock Price

EQB (TSE:EQB) had its price objective cut by research analysts at TD Securities from C$138.00 to C$132.00 in a report issued on Thursday,BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 14.46% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Desjardins boosted their price objective on shares of EQB from C$110.00 to C$125.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Jefferies Financial Group boosted their price target on shares of EQB from C$97.00 to C$109.00 in a research note on Wednesday, February 11th. Scotiabank upped their price target on shares of EQB from C$102.00 to C$105.00 in a research report on Friday, January 9th. BMO Capital Markets upgraded 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. Finally, Raymond James Financial lowered their target price on EQB from C$93.00 to C$91.00 in a research note on Friday, December 5th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, EQB currently has an average rating of “Hold” and an average price target of C$117.44.

EQB Stock Down 0.9%

EQB opened at C$115.32 on Thursday. The business’s fifty day simple moving average is C$109.19 and its 200 day simple moving average is C$98.27. EQB has a 52 week low of C$83.93 and a 52 week high of C$126.51. The stock has a market cap of C$4.30 billion, a PE ratio of 17.34, a P/E/G ratio of 0.34 and a beta of 0.74.

EQB (TSE:EQB) last announced its quarterly earnings data 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%. As a group, equities analysts anticipate that EQB will post 12.5988235 earnings per share for the current year.

Key Headlines Impacting EQB

Here are the key news stories impacting EQB this week:

• Positive Sentiment: Scotiabank raised its price target on EQB from C$105.00 to C$122.00, signaling a renewed bullish view that implies upside from recent levels. Scotiabank raise
• Positive Sentiment: National Bank Financial lifted its target to C$120.00 and moved to a “sector perform” stance, reflecting a modestly more constructive view on near-term performance. National Bank target raise
• Neutral Sentiment: Coverage piece: “Is EQB Still Attractive After Mixed Recent Share Price Performance” examines valuation and fundamentals and weighs EQB’s earnings/ROE versus recent stock moves — useful context but not a direct catalyst. Is EQB still attractive
• Neutral Sentiment: Coverage piece: “Why The EQB Story Is Shifting With New ROE Expectations And Price Targets” summarizes analyst revisions to ROE forecasts and how those changes are driving updated targets — important for medium-term outlook but mixed in direction. ROE expectations shifting
• Negative Sentiment: TD Securities cut its price target on EQB from C$138.00 to C$132.00, a downward revision that reduces upside expectations despite the new target remaining above current trading levels. TD Securities cut

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.