EQB (TSE:EQB) Rating Lowered to Hold at TD Securities

EQB (TSE:EQB - Get Free Report) was downgraded by TD Securities from a "buy" rating to a "hold" rating in a report issued on Friday,BayStreet.CA reports. They presently have a C$110.00 price target on the stock, down from their previous price target of C$126.00. TD Securities' price target would suggest a potential upside of 7.74% from the stock's current price.

Several other research analysts have also recently weighed in on the stock. Scotiabank boosted their price objective on shares of EQB from C$109.00 to C$135.00 in a report on Monday, November 25th. Cormark lowered shares of EQB from a "buy" rating to a "market perform" rating and decreased their target price for the company from C$131.00 to C$110.00 in a research note on Thursday. CIBC raised their price target on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. BMO Capital Markets lifted their price objective on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Finally, Raymond James lowered their target price on EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$113.63.

EQB Trading Down 2.2 %

TSE:EQB traded down C$2.27 during mid-day trading on Friday, reaching C$102.10. The company's stock had a trading volume of 114,868 shares, compared to its average volume of 59,347. The stock has a market cap of C$3.92 billion, a P/E ratio of 10.72, a PEG ratio of 0.34 and a beta of 1.59. The firm's fifty day moving average price is C$107.22 and its two-hundred day moving average price is C$98.54. EQB has a 12-month low of C$77.96 and a 12-month high of C$113.20.

EQB Company Profile

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.