CIBC Lowers EQB (TSE:EQB) Price Target to C$126.00

EQB (TSE:EQB) had its price objective cut by analysts at CIBC from C$130.00 to C$126.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 32.46% from the company’s current price.

Several other research firms also recently weighed in on EQB. Desjardins lowered their target price 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. National Bankshares lowered their target price 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. Royal Bank of Canada lowered their target price 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 lowered their target price 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, Jefferies Financial Group lowered their target price on EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$119.60.

EQB Stock Performance

TSE EQB opened at C$95.12 on Thursday. The company has a market capitalization of C$3.68 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The business’s fifty day moving average is C$94.32 and its 200 day moving average is C$100.97. EQB has a fifty-two week low of C$78.24 and a fifty-two week high of C$114.22.

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.