EQB (TSE:EQB) Upgraded to Moderate Buy at Desjardins

EQB (TSE:EQB) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Cormark cut shares of EQB from a “buy” rating to a “market perform” rating and cut their target price for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. TD Securities lowered shares of EQB from a “buy” rating to a “hold” rating and cut their price objective for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. Raymond James lifted their target price on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Scotiabank cut their price target on EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. Finally, BMO Capital Markets lifted their price objective on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$118.30.

EQB Trading Up 0.1 %

TSE:EQB opened at C$107.38 on Monday. The firm has a market capitalization of C$4.12 billion, a PE ratio of 11.28, a PEG 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 firm’s fifty day simple moving average is C$104.60 and its 200 day simple moving average is C$103.19.

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.