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Investing.com - Scotiabank (TSX:BNS) has resumed coverage of EQB Inc (TSX:EQB) with a Sector Perform rating and a price target of C$103.00, according to a research note released Monday.
The Canadian financial services firm’s rating implies a total return of approximately 4% for EQB stock, including dividends, based on the current share price.
Scotiabank values EQB shares by applying a price-to-earnings multiple of 9.0x to its fiscal 2026 earnings per share estimate.
This valuation represents a 24% discount to the average multiple that Scotiabank uses to value EQB’s peer group in the banking sector.
EQB Inc, which trades on the Toronto Stock Exchange and over-the-counter in the U.S. under the ticker EQGPF, is a Canadian financial services company that operates Equitable Bank, the country’s seventh largest independent bank.
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