TD Securities Downgrades EQB (TSE:EQB) to Hold

EQB (TSE:EQB) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “hold” rating in a report issued on Friday,BayStreet.CA reports. They presently have a C$110.00 price target on the stock, down from their prior price target of C$126.00. TD Securities’ price objective would suggest a potential upside of 7.74% from the company’s previous close.

A number of other research analysts have also weighed in on EQB. CIBC increased their price objective on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Raymond James cut their price target on shares of EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. BMO Capital Markets lifted their price objective on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and cut their price objective for the stock from C$131.00 to C$110.00 in a research note on Thursday. Finally, Scotiabank raised their target price on shares of EQB from C$109.00 to C$135.00 in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, EQB presently has a consensus rating of “Hold” and an average target price of C$113.63.

EQB Stock Down 2.2 %

EQB opened at C$102.10 on Friday. The firm’s 50-day moving average price is C$107.22 and its 200-day moving average price is C$98.54. The company has a market cap of C$3.92 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 52-week low of C$77.96 and a 52-week high of C$113.20.

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.