EQB (TSE:EQB - Get Free Report) had its target price lowered by stock analysts at Scotiabank from C$130.00 to C$119.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Scotiabank's target price points to a potential upside of 15.87% from the stock's current price.
Other equities research analysts have also issued research reports about the stock. Raymond James increased their price objective on shares of EQB from C$112.00 to C$121.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. TD Securities lowered shares of EQB from a "buy" rating to a "hold" rating and reduced their target price for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Cormark lowered shares of EQB from a "buy" rating to a "market perform" rating and reduced their target price for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Jefferies Financial Group set a C$129.00 target price on shares of EQB and gave the company a "buy" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets raised their target price on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$117.20.
Read Our Latest Stock Analysis on EQB
EQB Stock Down 3.1 %
TSE:EQB traded down C$3.30 during mid-day trading on Thursday, reaching C$102.70. 46,899 shares of the company were exchanged, compared to its average volume of 59,846. EQB has a 12 month low of C$78.24 and a 12 month high of C$114.22. The company has a fifty day moving average of C$104.96 and a 200 day moving average of C$103.63. The stock has a market cap of C$3.97 billion, a PE ratio of 16.01, a PEG ratio of 0.34 and a beta of 1.59.
About EQB
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider EQB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQB wasn't on the list.
While EQB currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
