EQB (TSE:EQB) Price Target Raised to C$125.00

EQB (TSE:EQB) had its target price hoisted by Desjardins from C$110.00 to C$125.00 in a research report report published on Monday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Scotiabank increased their target price on shares of EQB from C$102.00 to C$105.00 in a research note on Friday, January 9th. BMO Capital Markets raised shares of EQB from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$108.00 to C$130.00 in a research note on Tuesday, January 20th. Jefferies Financial Group cut their target price on EQB from C$107.00 to C$93.00 in a research note on Tuesday, November 25th. Veritas raised EQB to a “hold” rating in a research note on Monday, December 1st. Finally, TD Securities upped their price objective on EQB from C$96.00 to C$103.00 and gave the company a “hold” rating in a research report on Friday, December 5th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$108.89.

EQB Stock Down 1.9%

EQB stock opened at C$115.85 on Monday. The company’s 50-day moving average price is C$104.59 and its 200-day moving average price is C$97.06. The company has a market cap of C$4.32 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74. EQB has a twelve month low of C$83.93 and a twelve month high of C$119.06.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 earnings per share for the quarter. EQB had a return on equity of 8.52% and a net margin of 13.04%. As a group, sell-side analysts expect that EQB will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from EQB’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 2.0%. EQB’s dividend payout ratio is 31.28%.

EQB Company Profile

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.