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

EQB (TSE:EQB) had its price objective reduced by stock analysts at TD from C$132.00 to C$123.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective points to a potential upside of 3.53% from the stock’s current price.

Several other analysts have also commented on the company. National Bank Financial set a C$120.00 price objective on EQB and gave the company a “sector perform” rating in a report on Friday, May 15th. Desjardins raised their price objective on EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. TD Securities dropped their price objective on EQB from C$138.00 to C$132.00 in a report on Thursday, February 26th. Jefferies Financial Group raised their price objective on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. Finally, Scotiabank raised their price objective on EQB from C$105.00 to C$122.00 in a report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$119.00.

EQB Stock Performance

EQB stock traded up C$4.72 during midday trading on Thursday, hitting C$118.81. 161,832 shares of the company were exchanged, compared to its average volume of 133,555. The firm has a market capitalization of C$4.35 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$126.51. The business has a fifty day simple moving average of C$115.61 and a two-hundred day simple moving average of C$107.89.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. EQB had a return on equity of 7.31% and a net margin of 7.79%.The company had revenue of C$302.36 million for the quarter. As a group, equities analysts expect that EQB will post 12.5988235 earnings per share for the current year.

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. 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.