EQB (TSE:EQB) Upgraded by BMO Capital Markets to Outperform Rating

EQB (TSE:EQB) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a C$130.00 price objective on the stock, up from their prior price objective of C$108.00. BMO Capital Markets’ target price suggests a potential upside of 21.21% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Desjardins lifted their target price on shares of EQB from C$107.00 to C$110.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Veritas upgraded EQB to a “hold” rating in a research note on Monday, December 1st. TD Securities upped their price target on shares of EQB from C$96.00 to C$103.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group reduced their price objective on EQB from C$107.00 to C$93.00 in a research report on Tuesday, November 25th. Finally, Raymond James Financial dropped their price objective on shares of EQB from C$93.00 to C$91.00 in a research note on Friday, December 5th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$105.44.

EQB Stock Performance

Shares of TSE:EQB traded up C$5.25 during midday trading on Tuesday, reaching C$107.25. 235,021 shares of the company’s stock traded hands, compared to its average volume of 139,093. EQB has a one year low of C$83.93 and a one year high of C$114.22. The stock has a 50 day moving average of C$96.46 and a 200 day moving average of C$96.05. The company has a market cap of C$4.00 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 0.34 and a beta of 0.94.

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

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.