EQB (TSE:EQB) PT Lowered to C$109.00 at TD Securities

EQB (TSE:EQB) had its target price decreased by TD Securities from C$112.00 to C$109.00 in a research report released on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on EQB. Royal Bank of Canada raised their price objective on EQB from C$107.00 to C$109.00 and gave the stock an outperform rating in a research report on Thursday, May 30th. Raymond James lowered their price target on EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st. Scotiabank lowered their price target on EQB from C$113.00 to C$109.00 in a research report on Monday, August 19th. BMO Capital Markets lifted their price target on EQB from C$102.00 to C$104.00 and gave the stock an outperform rating in a research report on Friday, May 31st. Finally, 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 research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, EQB currently has a consensus rating of Moderate Buy and a consensus price target of C$105.67.

EQB Price Performance

EQB stock opened at C$95.38 on Friday. The stock has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.34 and a beta of 1.58. EQB has a 1-year low of C$66.41 and a 1-year high of C$98.88. The business has a fifty day moving average price of C$95.22 and a 200-day moving average price of C$89.46.

EQB (TSE:EQB) last posted its quarterly earnings data on Wednesday, August 28th. The company reported C$2.96 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.93 by C$0.03. The firm had revenue of C$327.24 million during the quarter, compared to analysts’ expectations of C$325.00 million. EQB had a return on equity of 14.70% and a net margin of 39.67%. On average, equities research analysts anticipate that EQB will post 11.4413146 earnings per share for the current fiscal year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from EQB’s previous quarterly dividend of $0.45. EQB’s dividend payout ratio (DPR) is presently 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.