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

EQB (TSE:EQB) had its price objective lowered by Scotiabank from C$135.00 to C$130.00 in a research note issued on Friday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 27.33% from the stock’s previous close.

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

EQB Stock Performance

TSE EQB opened at C$102.10 on Friday. The stock’s fifty day moving average is C$107.22 and its two-hundred day moving average is C$98.54. The firm has a market capitalization 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 fifty-two week low of C$77.96 and a fifty-two 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.