Scotiabank Boosts EQB (TSE:EQB) Price Target to C$105.00

EQB (TSE:EQB) had its price target lifted by investment analysts at Scotiabank from C$102.00 to C$105.00 in a note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 0.38% from the company’s previous close.

EQB has been the subject of a number of other reports. BMO Capital Markets increased their target price 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. Jefferies Financial Group decreased their price objective on EQB from C$107.00 to C$93.00 in a report on Tuesday, November 25th. Raymond James Financial dropped their price objective on shares of EQB from C$93.00 to C$91.00 in a report on Friday, December 5th. TD Securities lifted their target price on shares of EQB from C$96.00 to C$103.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Finally, Desjardins boosted their price target on shares of EQB from C$107.00 to C$110.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$103.00.

EQB Stock Performance

TSE:EQB traded up C$0.77 on Friday, hitting C$104.60. The stock had a trading volume of 135,533 shares, compared to its average volume of 125,669. EQB has a 1 year low of C$83.93 and a 1 year high of C$114.22. The firm’s fifty day simple moving average is C$94.45 and its two-hundred day simple moving average is C$95.93. The stock has a market cap of C$3.90 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 0.34 and a beta of 0.94.

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