EQB (TSE:EQB) Price Target Lowered to C$104.00 at National Bankshares

Key Points

• National Bankshares has lowered EQB's price target from C$106.00 to C$104.00, maintaining a "sector perform" rating, which implies a potential upside of 2.28% from its previous close.
• In recent ratings, BMO Capital Markets downgraded EQB from "strong-buy" to "hold," while Jefferies Financial Group raised its target from C$107.00 to C$119.00.
• The consensus rating for EQB among analysts is "Moderate Buy," with an average price target of C$117.70.

EQB (TSE:EQB - Get Free Report) had its target price lowered by National Bankshares from C$106.00 to C$104.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' price target would suggest a potential upside of 2.28% from the stock's previous close.

Several other research analysts also recently issued reports on EQB. BMO Capital Markets downgraded shares of EQB from a "strong-buy" rating to a "hold" rating and lowered their price target for the stock from C$115.00 to C$111.00 in a report on Tuesday. Jefferies Financial Group upped their price target on shares of EQB from C$107.00 to C$119.00 in a report on Wednesday. Desjardins set a C$110.00 price target on shares of EQB and gave the stock a "buy" rating in a report on Wednesday. Finally, CIBC lowered their price target on shares of EQB from C$130.00 to C$126.00 in a report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$117.70.

EQB Price Performance

EQB traded up C$0.10 during trading on Friday, hitting C$101.68. 20,156 shares of the stock traded hands, compared to its average volume of 85,026. EQB has a twelve month low of C$85.14 and a twelve month high of C$114.22. The company has a market cap of C$3.93 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.34 and a beta of 1.59. The business has a 50 day moving average price of C$99.91 and a 200 day moving average price of C$98.32.

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.

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