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

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

A number of other equities research analysts also recently weighed in on EQB. Cormark downgraded EQB from a “buy” rating to a “market perform” rating and dropped their target price for the stock from C$131.00 to C$110.00 in a research report on Thursday, December 5th. TD Securities cut EQB from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. Scotiabank reduced their target price on shares of EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th. Jefferies Financial Group set a C$129.00 price target on shares of EQB and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets raised their price objective on shares of EQB from C$106.00 to C$119.00 in a research note 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$118.30.

EQB Price Performance

EQB opened at C$107.38 on Monday. The stock has a market capitalization of C$4.12 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The company’s 50 day simple moving average is C$104.60 and its 200-day simple moving average is C$103.19. EQB has a one year low of C$78.24 and a one year high of C$114.22.

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.