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

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

Other equities research analysts have also issued research reports about the stock. Raymond James increased their price objective on shares of EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. TD Securities lowered shares of EQB from a “buy” rating to a “hold” rating and reduced their target price for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and reduced their target price for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Jefferies Financial Group set a C$129.00 target price on shares of EQB and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$117.20.

EQB Stock Down 3.1 %

TSE:EQB traded down C$3.30 during mid-day trading on Thursday, reaching C$102.70. 46,899 shares of the company were exchanged, compared to its average volume of 59,846. EQB has a 12 month low of C$78.24 and a 12 month high of C$114.22. The company has a fifty day moving average of C$104.96 and a 200 day moving average of C$103.63. The stock has a market cap of C$3.97 billion, a PE ratio of 16.01, a PEG ratio of 0.34 and a beta of 1.59.

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.