Scotiabank Lowers EQB (TSE:EQB) Price Target to C$130.00

EQB (TSE:EQB) had its target price decreased by equities researchers at Scotiabank from C$135.00 to C$130.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 27.35% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James dropped their target price on shares of EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st. TD Securities cut EQB from a “buy” rating to a “hold” rating and dropped their price target for the company from C$126.00 to C$110.00 in a report on Friday. CIBC boosted their price objective on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. BMO Capital Markets increased their target price on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Finally, Cormark cut EQB from a “buy” rating to a “market perform” rating and cut their price target for the company from C$131.00 to C$110.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$113.63.

EQB Stock Down 2.2 %

TSE:EQB traded down C$2.29 during trading hours on Friday, reaching C$102.08. The company had a trading volume of 82,453 shares, compared to its average volume of 59,198. The stock has a 50-day moving average of C$107.26 and a two-hundred day moving average of C$98.41. EQB has a one year low of C$77.96 and a one year high of C$113.20. The firm has a market capitalization of C$3.92 billion, a PE ratio of 10.72, a PEG ratio of 0.34 and a beta of 1.59.

About EQB

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.