EQB (TSE:EQB) Stock Price Expected to Rise, Scotiabank Analyst Says

EQB (TSE:EQB) had its price objective boosted by analysts at Scotiabank from C$105.00 to C$122.00 in a report released on Friday,BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 5.79% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets upgraded shares of EQB from a “hold” rating to an “outperform” rating and upped their price target for the company from C$108.00 to C$130.00 in a research report on Tuesday, January 20th. TD Securities decreased their price objective on EQB from C$138.00 to C$132.00 in a report on Thursday. National Bank Financial raised their target price on EQB from C$111.00 to C$120.00 and gave the stock a “sector perform” rating in a research report on Thursday. Desjardins lifted their target price on EQB from C$110.00 to C$125.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Veritas raised EQB to a “hold” rating in a research note on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$117.44.

EQB Trading Down 0.9%

Shares of EQB stock opened at C$115.32 on Friday. The firm has a market capitalization of C$4.30 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 0.34 and a beta of 0.74. The business’s 50-day moving average price is C$109.19 and its 200-day moving average price is C$98.25. EQB has a 12 month low of C$83.93 and a 12 month high of C$126.51.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 earnings per share (EPS) for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. On average, sell-side analysts predict that EQB will post 12.5988235 earnings per share for the current fiscal year.

Key Headlines Impacting EQB

Here are the key news stories impacting EQB this week:

• Positive Sentiment: Scotiabank raised its price target on EQB from C$105.00 to C$122.00, signaling a renewed bullish view that implies upside from recent levels. Scotiabank raise
• Positive Sentiment: National Bank Financial lifted its target to C$120.00 and moved to a “sector perform” stance, reflecting a modestly more constructive view on near-term performance. National Bank target raise
• Neutral Sentiment: Coverage piece: “Is EQB Still Attractive After Mixed Recent Share Price Performance” examines valuation and fundamentals and weighs EQB’s earnings/ROE versus recent stock moves — useful context but not a direct catalyst. Is EQB still attractive
• Neutral Sentiment: Coverage piece: “Why The EQB Story Is Shifting With New ROE Expectations And Price Targets” summarizes analyst revisions to ROE forecasts and how those changes are driving updated targets — important for medium-term outlook but mixed in direction. ROE expectations shifting
• Negative Sentiment: TD Securities cut its price target on EQB from C$138.00 to C$132.00, a downward revision that reduces upside expectations despite the new target remaining above current trading levels. TD Securities cut

About EQB

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.