CIBC Boosts EQB (TSE:EQB) Price Target to C$130.00

EQB (TSE:EQB) had its target price raised by equities research analysts at CIBC from C$113.00 to C$130.00 in a research report issued on Tuesday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 17.19% from the stock’s previous close.

EQB has been the subject of a number of other research reports. BMO Capital Markets boosted their price target on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. TD Securities decreased their target price on EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Scotiabank increased their price target on EQB from C$109.00 to C$135.00 in a research report on Monday. Raymond James cut their price target on EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. Finally, Cormark lowered their price objective on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, EQB has a consensus rating of “Moderate Buy” and an average target price of C$114.25.

EQB Trading Down 0.4 %

Shares of EQB opened at C$110.93 on Tuesday. The firm has a fifty day moving average price of C$106.37 and a 200-day moving average price of C$97.43. The firm has a market capitalization of C$4.26 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a 12-month low of C$74.00 and a 12-month high of C$111.95.

EQB (TSE:EQB) last released its quarterly earnings data on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.93 by C$0.03. The company had revenue of C$327.24 million during the quarter, compared to analysts’ expectations of C$325.00 million. EQB had a net margin of 39.67% and a return on equity of 14.70%. Analysts predict that EQB will post 12.5988235 earnings per share for the current year.

EQB Company Profile

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.