National Bankshares Lowers EQB (TSE:EQB) Price Target to C$111.00

EQB (TSE:EQB) had its price target reduced by stock analysts at National Bankshares from C$117.00 to C$111.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target indicates a potential upside of 16.69% from the stock’s previous close.

EQB has been the subject of several other reports. Desjardins dropped their target price on EQB from C$130.00 to C$126.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Jefferies Financial Group dropped their target price on EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. Scotiabank dropped their target price on EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Royal Bank of Canada dropped their target price on EQB from C$153.00 to C$147.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$119.60.

EQB Price Performance

Shares of EQB stock opened at C$95.12 on Thursday. The stock has a market capitalization of C$3.68 billion, a PE ratio of 14.83, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a 1-year low of C$78.24 and a 1-year high of C$114.22. The business has a 50-day moving average of C$94.32 and a 200 day moving average of C$100.97.

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.