Desjardins Lowers EQB (TSE:EQB) Price Target to C$103.00

EQB (TSE:EQB) had its price objective dropped by research analysts at Desjardins from C$110.00 to C$103.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 13.88% from the company’s current price.

Other equities analysts have also recently issued reports about the company. CIBC decreased their target price on EQB from C$126.00 to C$116.00 and set a “hold” rating on the stock in a report on Friday. Scotiabank upgraded shares of EQB to a “hold” rating in a research report on Monday, August 18th. Raymond James Financial downgraded shares of EQB from a “moderate buy” rating to a “hold” rating and reduced their price target for the company from C$108.00 to C$93.00 in a research report on Thursday. Royal Bank Of Canada dropped 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. Finally, TD Securities dropped their price objective on shares of EQB from C$110.00 to C$100.00 and set a “hold” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$102.40.

EQB Stock Up 0.2%

Shares of TSE EQB opened at C$90.45 on Friday. The stock has a market capitalization of C$3.46 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.34 and a beta of 1.42. The stock’s fifty day simple moving average is C$101.32 and its 200 day simple moving average is C$97.59. 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.