Raymond James Financial Issues Pessimistic Forecast for EQB (TSE:EQB) Stock Price

EQB (TSE:EQB) had its price target dropped by investment analysts at Raymond James Financial from C$93.00 to C$91.00 in a report issued on Friday,BayStreet.CA reports. Raymond James Financial’s price objective would suggest a potential downside of 5.99% from the company’s current price.

Several other equities analysts also recently weighed in on EQB. National Bankshares reduced their price target on EQB from C$104.00 to C$89.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th. TD Securities dropped their price objective on shares of EQB from C$105.00 to C$96.00 and set a “hold” rating on the stock in a report on Thursday, November 27th. Royal Bank Of Canada lowered their target price on shares of EQB from C$124.00 to C$112.00 and set an “outperform” rating on the stock in a research note on Friday, August 29th. Jefferies Financial Group dropped their price target on EQB from C$107.00 to C$93.00 in a research note on Tuesday, November 25th. Finally, Desjardins cut their price objective on EQB from C$110.00 to C$103.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, EQB has a consensus rating of “Hold” and an average target price of C$101.00.

EQB Price Performance

EQB traded down C$1.21 during midday trading on Friday, reaching C$96.80. 395,179 shares of the company’s stock traded hands, compared to its average volume of 113,378. The stock has a market capitalization of C$3.71 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 0.34 and a beta of 0.95. The firm has a fifty day moving average of C$89.31 and a two-hundred day moving average of C$94.59. EQB has a 52 week low of C$83.93 and a 52 week high of C$114.22.

EQB (TSE:EQB) last announced its earnings results on Wednesday, December 3rd. The company reported C$6.56 earnings per share for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. Sell-side 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.