EQB (TSE:EQB) Stock Rating Upgraded by BMO Capital Markets

EQB (TSE:EQB) was upgraded by stock analysts at BMO Capital Markets from a “hold” rating to an “outperform” rating in a report released on Tuesday, MarketBeat.com reports. The firm currently has a C$130.00 target price on the stock, up from their previous target price of C$108.00. BMO Capital Markets’ target price points to a potential upside of 21.16% from the stock’s current price.

EQB has been the subject of a number of other reports. Scotiabank boosted their price target on shares of EQB from C$102.00 to C$105.00 in a research report on Friday, January 9th. Raymond James Financial dropped their price objective on EQB from C$93.00 to C$91.00 in a research note on Friday, December 5th. Jefferies Financial Group reduced their target price on EQB from C$107.00 to C$93.00 in a research report on Tuesday, November 25th. Veritas raised EQB to a “hold” rating in a report on Monday, December 1st. Finally, TD Securities lifted their price target on EQB from C$96.00 to C$103.00 and gave the company a “hold” rating in a research report on Friday, December 5th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, EQB presently has an average rating of “Hold” and a consensus price target of C$105.44.

EQB Stock Up 0.4%

Shares of EQB opened at C$107.30 on Tuesday. EQB has a twelve month low of C$83.93 and a twelve month high of C$114.22. The stock has a market cap of C$4.00 billion, a PE ratio of 16.14, a P/E/G ratio of 0.34 and a beta of 0.94. The business’s 50-day moving average price is C$97.26 and its 200-day moving average price is C$96.18.

EQB (TSE:EQB) last released its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 EPS for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. Analysts expect that EQB will post 12.5988235 earnings per share for the current fiscal year.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.