EQB (TSE:EQB) Upgraded by BMO Capital Markets to “Outperform” Rating

EQB (TSE:EQB) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a C$130.00 target price on the stock, up from their previous target price of C$108.00. BMO Capital Markets’ price target points to a potential upside of 21.21% from the company’s previous close.

Several other analysts have also recently commented on EQB. Veritas upgraded EQB to a “hold” rating in a research report on Monday, December 1st. Raymond James Financial dropped their target price on shares of EQB from C$93.00 to C$91.00 in a research report on Friday, December 5th. Desjardins raised their price objective on EQB from C$107.00 to C$110.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Jefferies Financial Group reduced their price objective on EQB from C$107.00 to C$93.00 in a research report on Tuesday, November 25th. Finally, Scotiabank raised their target price on EQB from C$102.00 to C$105.00 in a report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$105.44.

EQB Trading Up 5.1%

Shares of EQB stock traded up C$5.25 during trading hours on Tuesday, reaching C$107.25. The stock had a trading volume of 235,021 shares, compared to its average volume of 139,093. The firm has a 50 day simple moving average of C$96.46 and a two-hundred day simple moving average of C$96.05. The firm has a market capitalization of C$4.00 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 0.34 and a beta of 0.94. EQB has a 1 year low of C$83.93 and a 1 year 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%. Sell-side analysts forecast 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.