EQB (TSE:EQB) PT Raised to C$106.00 at BMO Capital Markets

EQB (TSE:EQB) had its target price hoisted by equities research analysts at BMO Capital Markets from C$104.00 to C$106.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 11.83% from the company’s previous close.

A number of other brokerages have also recently commented on EQB. CIBC dropped their price objective on shares of EQB from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. TD Securities decreased their price objective on EQB from C$112.00 to C$109.00 and set a “buy” rating on the stock in a research report on Friday. Raymond James dropped their target price on EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. Royal Bank of Canada increased their price target on EQB from C$107.00 to C$109.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Finally, Cormark lowered their price target on EQB from C$121.00 to C$111.00 and set a “buy” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, EQB has an average rating of “Moderate Buy” and a consensus price target of C$105.67.

EQB Stock Performance

Shares of EQB traded down C$0.69 during midday trading on Friday, hitting C$94.79. 34,564 shares of the company traded hands, compared to its average volume of 59,833. EQB has a 52 week low of C$66.41 and a 52 week high of C$98.88. The firm has a 50 day moving average of C$95.07 and a 200-day moving average of C$89.43. The stock has a market cap of C$3.63 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.34 and a beta of 1.58.

EQB (TSE:EQB) last announced its quarterly earnings results on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, beating analysts’ consensus estimates of C$2.93 by C$0.03. The company had revenue of C$327.24 million during the quarter, compared to analyst estimates of C$325.00 million. EQB had a return on equity of 14.70% and a net margin of 39.67%. Sell-side analysts predict that EQB will post 11.4413146 earnings per share for the current fiscal year.

About EQB

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.