EQB (TSE:EQB) Stock Price Expected to Rise, Scotiabank Analyst Says

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

Other research analysts have also recently issued research reports about the company. National Bank Financial increased their target price on EQB from C$111.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Thursday. Jefferies Financial Group increased their price objective on EQB from C$97.00 to C$109.00 in a research report on Wednesday, February 11th. Veritas raised EQB to a “hold” rating in a research note on Monday, December 1st. TD Securities reduced their price target on shares of EQB from C$138.00 to C$132.00 in a research report on Thursday. Finally, 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. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$117.44.

EQB Trading Down 1.2%

Shares of EQB traded down C$1.35 during mid-day trading on Friday, reaching C$115.02. 85,500 shares of the stock traded hands, compared to its average volume of 159,386. The company has a market cap of C$4.29 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74. The firm has a fifty day moving average price of C$108.94 and a 200 day moving average price of C$98.18. EQB has a 1 year low of C$83.93 and a 1 year high of C$126.51.

EQB (TSE:EQB) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported C$6.56 earnings per share (EPS) for the quarter. EQB had a return on equity of 8.52% and a net margin of 13.04%. On average, sell-side analysts anticipate that EQB will post 12.5988235 EPS for the current year.

EQB Company Profile

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.