EQB (TSE:EQB) Price Target Lowered to C$147.00 at Royal Bank of Canada

EQB (TSE:EQB) had its price objective decreased by analysts at Royal Bank of Canada from C$153.00 to C$147.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 45.40% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Scotiabank dropped their target price on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Jefferies Financial Group set a C$129.00 price target on shares of EQB and gave the stock a “buy” rating in a report on Thursday, January 30th. National Bankshares lifted their price target on shares of EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a report on Wednesday. Cormark downgraded shares of EQB from a “buy” rating to a “market perform” rating and lowered their price target for the stock from C$131.00 to C$110.00 in a report on Thursday, December 5th. Finally, CIBC upped their price target on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$122.80.

EQB Trading Down 0.2 %

TSE:EQB opened at C$101.10 on Thursday. The firm has a 50-day moving average price of C$105.27 and a two-hundred day moving average price of C$103.91. EQB has a twelve month low of C$78.24 and a twelve month high of C$114.22. The company has a market capitalization of C$3.91 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

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.