TD Securities Has Lowered Expectations for EQB (TSE:EQB) Stock Price

EQB (TSE:EQB) had its price target decreased by equities research analysts at TD Securities from C$105.00 to C$96.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 10.17% from the company’s previous close.

Other equities analysts have also issued reports about the stock. National Bankshares reduced their price objective on shares of 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. Scotiabank set a C$94.00 target price on shares of EQB and gave the stock a “sector perform” rating in a research note on Tuesday. Jefferies Financial Group lowered their price objective on EQB from C$107.00 to C$93.00 in a report on Tuesday. BMO Capital Markets lifted their price objective on EQB from C$100.00 to C$108.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Finally, Royal Bank Of Canada dropped their price target on shares of EQB from C$124.00 to C$112.00 and set an “outperform” rating for the company in a research note on Friday, August 29th. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, EQB has a consensus rating of “Hold” and an average target price of C$101.40.

EQB Stock Down 0.5%

TSE EQB traded down C$0.48 on Thursday, reaching C$87.14. The company had a trading volume of 40,728 shares, compared to its average volume of 109,691. The stock has a market capitalization of C$3.34 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.34 and a beta of 1.17. EQB has a 12 month low of C$83.93 and a 12 month high of C$114.22. The firm’s 50 day moving average price is C$89.81 and its 200 day moving average price is C$94.92.

EQB Company Profile

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.