BMO Capital Markets Forecasts Strong Price Appreciation for EQB (TSE:EQB) Stock

EQB (TSE:EQB) had its price objective boosted by equities researchers at BMO Capital Markets from C$100.00 to C$108.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 20.58% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. TD Securities lifted their target price on EQB from C$100.00 to C$105.00 and gave the company a “hold” rating in a research note on Thursday. National Bankshares lowered their target price on EQB from C$104.00 to C$89.00 and set a “sector perform” rating for the company in a research note on Thursday, August 28th. Jefferies Financial Group cut EQB from a “buy” rating to a “hold” rating and lowered their target price for the company from C$119.00 to C$107.00 in a research note on Friday, August 29th. Raymond James Financial cut EQB from a “moderate buy” rating to a “hold” rating and lowered their target price for the company from C$108.00 to C$93.00 in a research note on Thursday, August 28th. Finally, Scotiabank lifted their target price on EQB from C$94.00 to C$96.00 in a research note on Friday, October 10th. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$103.90.

EQB Stock Performance

Shares of EQB opened at C$89.57 on Friday. The stock has a fifty day moving average price of C$93.20 and a two-hundred day moving average price of C$95.82. EQB has a 52-week low of C$85.14 and a 52-week high of C$114.22. The company has a market cap of C$3.43 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 0.34 and a beta of 1.13.

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.