Raymond James Financial Cuts EQB (TSE:EQB) Price Target to C$91.00

EQB (TSE:EQB) had its price target reduced by Raymond James Financial from C$93.00 to C$91.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Raymond James Financial’s price objective would indicate a potential downside of 5.99% from the stock’s current price.

Several other equities analysts have also weighed in on EQB. Veritas raised EQB to a “hold” rating in a research note on Monday. Scotiabank set a C$94.00 target price on EQB and gave the stock a “sector perform” rating in a report on Tuesday, November 25th. National Bankshares cut their price target on shares of EQB from C$104.00 to C$89.00 and set a “sector perform” rating for the company in a research note on Thursday, August 28th. BMO Capital Markets lifted their price objective on shares of EQB from C$100.00 to C$108.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Finally, Royal Bank Of Canada decreased their target price on EQB from C$124.00 to C$112.00 and set an “outperform” rating on the stock in a research report on Friday, August 29th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$101.00.

EQB Price Performance

Shares of TSE:EQB traded down C$1.21 during trading on Friday, reaching C$96.80. The stock had a trading volume of 395,179 shares, compared to its average volume of 113,378. The stock has a market capitalization of C$3.71 billion, a PE ratio of 10.98, a P/E/G ratio of 0.34 and a beta of 0.95. EQB has a 52 week low of C$83.93 and a 52 week high of C$114.22. The business’s 50-day moving average price is C$89.31 and its 200 day moving average price is C$94.59.

EQB (TSE:EQB) last released its quarterly 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%. Analysts forecast that EQB will post 12.5988235 EPS for the current 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.