EQB (TSE:EQB – Get Free Report) had its price objective decreased by investment analysts at Scotiabank from C$113.00 to C$109.00 in a report issued on Monday, BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 13.54% from the company’s previous close.
A number of other equities analysts have also commented on EQB. CIBC raised their price objective on shares of EQB from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Royal Bank of Canada lifted their target price on shares of EQB from C$107.00 to C$109.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. TD Securities lifted their target price on shares of EQB from C$98.00 to C$101.00 and gave the company a “buy” rating in a research report on Sunday, June 2nd. Finally, BMO Capital Markets lifted their target price on shares of EQB from C$102.00 to C$104.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$106.11.
View Our Latest Stock Analysis on EQB
EQB Trading Down 0.7 %
EQB (TSE:EQB – Get Free Report) last released its quarterly earnings data on Wednesday, May 29th. The company reported C$2.67 EPS for the quarter, missing analysts’ consensus estimates of C$2.71 by C($0.04). EQB had a net margin of 39.67% and a return on equity of 14.70%. The firm had revenue of C$316.66 million during the quarter, compared to the consensus estimate of C$300.40 million. Sell-side analysts predict that EQB will post 11.7194067 EPS for the current 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.
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