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

EQB (TSE:EQB) had its target price reduced by analysts at TD Securities from C$105.00 to C$96.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 10.66% from the stock’s previous close.

Several other equities analysts have also issued reports on EQB. National Bankshares lowered their price target on EQB from C$104.00 to C$89.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 28th. Jefferies Financial Group decreased their price objective on EQB from C$107.00 to C$93.00 in a report on Tuesday. Scotiabank set a C$94.00 price objective on EQB and gave the company a “sector perform” rating in a research report on Tuesday. Raymond James Financial lowered EQB from a “moderate buy” rating to a “hold” rating and cut their target price for the company from C$108.00 to C$93.00 in a research note on Thursday, August 28th. Finally, CIBC reduced their target price on EQB from C$126.00 to C$116.00 and set a “hold” rating for the company in a research report 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’s stock. According to MarketBeat, EQB has an average rating of “Hold” and an average target price of C$101.40.

EQB Price Performance

TSE EQB opened at C$86.75 on Thursday. The company’s fifty day moving average is C$89.59 and its two-hundred day moving average is C$94.80. EQB has a 52-week low of C$83.93 and a 52-week high of C$114.22. The firm has a market capitalization of C$3.32 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.34 and a beta of 1.17.

About EQB

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.