TD Securities Lowers EQB (TSE:EQB) Price Target to C$109.00

EQB (TSE:EQB) had its target price lowered by analysts at TD Securities from C$112.00 to C$109.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 14.28% from the company’s previous close.

Several other equities analysts have also issued reports on EQB. CIBC lowered their price target on EQB from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Scotiabank cut their target price on EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. Raymond James reduced their target price on EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st. BMO Capital Markets boosted their price target on shares of EQB from C$102.00 to C$104.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Finally, Royal Bank of Canada lifted their target price on shares of EQB from C$107.00 to C$109.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EQB has a consensus rating of “Moderate Buy” and a consensus price target of C$105.67.

EQB Stock Down 0.1 %

TSE:EQB opened at C$95.38 on Friday. The company’s 50 day moving average is C$95.22 and its 200-day moving average is C$89.47. The firm has a market cap of C$3.65 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.34 and a beta of 1.58. EQB has a 12 month low of C$66.41 and a 12 month high of C$98.88.

EQB (TSE:EQB) last posted its quarterly earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.93 by C$0.03. The company had revenue of C$327.24 million for the quarter, compared to analyst estimates of C$325.00 million. EQB had a net margin of 39.67% and a return on equity of 14.70%. Research analysts predict that EQB will post 11.4413146 EPS for the current fiscal year.

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.