TD Securities Forecasts Strong Price Appreciation for EQB (TSE:EQB) Stock

EQB (TSE:EQB) had its price target upped by stock analysts at TD Securities from C$96.00 to C$103.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 6.40% from the company’s previous close.

A number of other analysts have also commented on the company. Raymond James Financial decreased their target price on EQB from C$93.00 to C$91.00 in a research report on Friday. BMO Capital Markets boosted their price target on shares of EQB from C$100.00 to C$108.00 and gave the company a “market perform” rating in a research report on Friday, October 24th. CIBC decreased their price target on EQB from C$126.00 to C$116.00 and set a “hold” rating on the stock in a research report on Friday, August 29th. National Bankshares lowered their price target on shares of EQB from C$104.00 to C$89.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. Finally, Scotiabank set a C$94.00 price objective on shares of EQB and gave the company a “sector perform” rating in a research report on Tuesday, November 25th. Two equities 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, EQB presently has a consensus rating of “Hold” and a consensus price target of C$101.00.

EQB Stock Down 1.2%

Shares of TSE EQB traded down C$1.21 during trading on Friday, reaching C$96.80. The company had a trading volume of 395,179 shares, compared to its average volume of 113,378. The company’s fifty day moving average price is C$89.31 and its 200-day moving average price is C$94.59. The stock has a market cap of C$3.71 billion, a P/E ratio of 10.98, a PEG ratio of 0.34 and a beta of 0.95. EQB has a 12 month low of C$83.93 and a 12 month high of C$114.22.

EQB (TSE:EQB) last released its earnings results on Wednesday, December 3rd. The company reported C$6.56 earnings per share for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. As a group, equities analysts predict that EQB will post 12.5988235 earnings per share for the current year.

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.