Scotiabank Has Lowered Expectations for EQB (TSE:EQB) Stock Price

EQB (TSE:EQB) had its price target dropped by Scotiabank from C$130.00 to C$119.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 15.87% from the company’s current price.

Several other research firms have also recently weighed in on EQB. CIBC raised their target price on shares of EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. Desjardins set a C$130.00 target price on shares of EQB and gave the company a “buy” rating in a research note on Tuesday, February 11th. 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. TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and decreased their target price for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Finally, Raymond James raised their target price on shares of EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$117.20.

EQB Trading Down 3.1 %

Shares of TSE EQB traded down C$3.30 during midday trading on Thursday, reaching C$102.70. The company’s stock had a trading volume of 46,899 shares, compared to its average volume of 59,846. EQB has a fifty-two week low of C$78.24 and a fifty-two week high of C$114.22. The stock has a market capitalization of C$3.97 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.34 and a beta of 1.59. The stock has a 50 day simple moving average of C$104.96 and a 200-day simple moving average of C$103.63.

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.