National Bankshares Issues Pessimistic Forecast for EQB (TSE:EQB) Stock Price

EQB (TSE:EQB) had its price objective decreased by research analysts at National Bankshares from C$106.00 to C$104.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target suggests a potential upside of 2.13% from the stock’s current price.

EQB has been the topic of a number of other research reports. Jefferies Financial Group lifted their target price on EQB from C$107.00 to C$119.00 in a research report on Wednesday. Desjardins set a C$110.00 price objective on shares of EQB and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets cut shares of EQB from a “strong-buy” rating to a “hold” rating and decreased their target price for the company from C$115.00 to C$111.00 in a research report on Tuesday, August 12th. Finally, CIBC dropped their price target on shares of EQB from C$130.00 to C$126.00 in a research 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 company’s stock. According to MarketBeat, EQB currently has an average rating of “Moderate Buy” and an average target price of C$117.70.

EQB Stock Up 0.2%

EQB stock opened at C$101.83 on Friday. The company has a fifty day simple moving average of C$100.11 and a 200-day simple moving average of C$98.18. The firm has a market capitalization of C$3.94 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 52-week low of C$85.14 and a 52-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.