EQB (TSE:EQB) Price Target Raised to C$96.00 at Scotiabank

Key Points

• Scotiabank has raised its price target for EQB from C$94.00 to C$96.00, indicating a potential upside of 4.09% from the current stock price.
• Multiple analysts have lowered their price targets for EQB, with the average consensus target now at C$102.60.
• EQB shares traded down by 0.6% on Friday, reaching a price of C$92.23, with a market cap of C$3.53 billion.

EQB (TSE:EQB - Get Free Report) had its price target lifted by equities researchers at Scotiabank from C$94.00 to C$96.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank's price target indicates a potential upside of 4.09% from the stock's current price.

Other analysts also recently issued reports about the stock. CIBC cut their price objective on shares of EQB from C$126.00 to C$116.00 and set a "hold" rating on the stock in a research report on Friday, August 29th. Desjardins lowered their target price on shares of EQB from C$110.00 to C$103.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Jefferies Financial Group cut shares of EQB from a "buy" rating to a "hold" rating and lowered their target price for the company from C$119.00 to C$107.00 in a research note on Friday, August 29th. Raymond James Financial cut shares of EQB from a "moderate buy" rating to a "hold" rating and lowered their target price for the company from C$108.00 to C$93.00 in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada lowered their price objective on shares of EQB from C$124.00 to C$112.00 and set an "outperform" rating on the stock in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, EQB has an average rating of "Hold" and a consensus target price of C$102.60.

EQB Trading Down 0.6%

Shares of EQB traded down C$0.59 during trading hours on Friday, reaching C$92.23. 50,419 shares of the stock traded hands, compared to its average volume of 105,824. EQB has a 52 week low of C$85.14 and a 52 week high of C$114.22. The stock has a fifty day simple moving average of C$95.88 and a 200 day simple moving average of C$96.17. The company has a market cap of C$3.53 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.34 and a beta of 1.13.

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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