EQB (TSE:EQB) Price Target Cut to C$126.00 by Analysts at CIBC

EQB (TSE:EQB - Get Free Report) had its price target lowered by research analysts at CIBC from C$130.00 to C$126.00 in a research note issued on Thursday,BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 29.90% from the company's previous close.

Several other brokerages have also recently weighed in on EQB. National Bankshares decreased their price target on EQB from C$117.00 to C$111.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 22nd. Jefferies Financial Group decreased their price target on EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st. Royal Bank of Canada decreased their price target on EQB from C$153.00 to C$147.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Scotiabank decreased their price target on EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, Desjardins decreased their price target on EQB from C$130.00 to C$126.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$119.60.

EQB Stock Performance

TSE EQB traded up C$0.09 during trading on Thursday, hitting C$97.00. 45,050 shares of the company's stock traded hands, compared to its average volume of 74,555. The stock has a market capitalization of C$3.75 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 12-month low of C$78.24 and a 12-month high of C$114.22. The business has a 50 day moving average of C$94.33 and a 200-day moving average of C$100.81.

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.