EQB (TSE:EQB) Price Target Raised to C$108.00 at BMO Capital Markets

Key Points

• BMO Capital Markets has increased its price target for EQB from C$100.00 to C$108.00, indicating a potential upside of 20.67% from the current price.
• Other analysts have also adjusted their price targets, with TD Securities setting a target of C$105.00 and CIBC lowering it to C$116.00, while the average target price across analysts is C$103.90.
• As of the latest trading session, EQB shares reached C$89.50 with a market capitalization of C$3.43 billion, reflecting its position as Canada's eighth largest independent Schedule I bank.

EQB (TSE:EQB - Get Free Report) had its price target upped by research analysts at BMO Capital Markets from C$100.00 to C$108.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "market perform" rating on the stock. BMO Capital Markets' target price indicates a potential upside of 20.67% from the stock's current price.

EQB has been the topic of a number of other reports. TD Securities raised their price target on EQB from C$100.00 to C$105.00 and gave the company a "hold" rating in a report on Thursday. CIBC lowered their price target on EQB from C$126.00 to C$116.00 and set a "hold" rating on the stock in a report on Friday, August 29th. 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 report on Thursday, August 28th. Scotiabank raised their price target on EQB from C$94.00 to C$96.00 in a report on Friday, October 10th. Finally, Royal Bank Of Canada lowered their price target on EQB from C$124.00 to C$112.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$103.90.

EQB Price Performance

Shares of EQB traded up C$0.32 during trading hours on Friday, reaching C$89.50. 103,937 shares of the company's stock traded hands, compared to its average volume of 107,017. The firm has a market capitalization of C$3.43 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 0.34 and a beta of 1.13. EQB has a twelve month low of C$85.14 and a twelve month high of C$114.22. The business's fifty day simple moving average is C$93.44 and its two-hundred day simple moving average is C$95.76.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.