Analysts Set EQB Inc. (TSE:EQB) Target Price at C$105.67

Shares of EQB Inc. (TSE:EQB) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$106.89.

Several research firms have commented on EQB. Cormark lifted their target price on shares of EQB from C$114.00 to C$121.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Raymond James dropped their target price on EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. TD Securities increased their target price on EQB from C$102.00 to C$112.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. CIBC lowered their price target on EQB from C$110.00 to C$105.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Finally, BMO Capital Markets increased their price objective on shares of EQB from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a report on Friday, May 31st.

EQB Trading Down 1.1 %

EQB stock opened at C$96.61 on Thursday. The stock has a market cap of C$3.70 billion, a PE ratio of 10.38, a P/E/G ratio of 0.34 and a beta of 1.58. The stock has a 50-day moving average price of C$94.94 and a 200 day moving average price of C$89.39. EQB has a 52 week low of C$66.41 and a 52 week high of C$98.88.

EQB (TSE:EQB) last issued its quarterly earnings results on Wednesday, May 29th. The company reported C$2.67 EPS for the quarter, missing analysts’ consensus estimates of C$2.71 by C($0.04). The firm had revenue of C$316.66 million for the quarter, compared to analysts’ expectations of C$300.40 million. EQB had a return on equity of 14.70% and a net margin of 39.67%. On average, equities analysts predict that EQB will post 11.4413146 EPS for the current year.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a dividend of $0.45 per share. This is an increase from EQB’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.86%. The ex-dividend date was Friday, June 14th. EQB’s payout ratio is currently 19.33%.

EQB Company Profile

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.