03:15:42 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



EQB Inc
Symbol EQB
Shares Issued 37,841,434
Close 2023-11-23 C$ 74.12
Market Cap C$ 2,804,807,088
Recent Sedar Documents

Globe says Rizvanovic calls EQB "grossly undervalued"

2023-11-24 08:15 ET - In the News

The Globe and Mail reports in its Friday, Nov. 24, edition that Keefe, Bruyette and Woods analyst Mike Rizvanovic has reaffirmed his "outperform" recommendation for EQB. The Globe's David Leeder writes in the Eye On Equities column that Mr. Rizvanovic elevated his share target by a loonie to $102, which is a Street high. Analysts on average target the shares at $95.88. The Globe says Mr. Rizvanovic expects a "noisy" fourth quarter from Canadian banks to end a "challenging" year. He says, however, that EQB is "very compelling among the smaller banks" and "grossly undervalued." Mr. Rizvanovic adds, "Among the smaller banks we have a strong preference for EQB, which trades at a sizable valuation discount despite its superior medium-term growth trajectory." The Globe reported on Aug. 22, 2022, that Mr. Rizvanovic rated EQB "outperform." He said EQB was "materially undervalued relative to its Big Six Canadian bank peers." The shares could then be had for $55.43. The Globe reported on May 4, 2023, and Oct. 5, 2023, that RBC Capital Markets analyst Geoffrey Kwan was keeping his "outperform" call on EQB intact. The shares could then be had for $61.41 and $74.06.

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