EQB Inc. (TSE:EQB) Receives C$139.10 Consensus PT from Analysts

EQB Inc. (TSE:EQB) has been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$139.10.

Several equities research analysts have issued reports on the stock. Desjardins cut their price objective on shares of EQB from C$155.00 to C$150.00 and set a “buy” rating for the company in a research report on Friday, August 28th. Canadian Imperial Bank of Commerce lowered their target price on EQB from C$165.00 to C$154.00 and set an “outperformer” rating on the stock in a research note on Friday, August 28th. Scotiabank dropped their price target on EQB from C$141.00 to C$135.00 in a report on Monday, August 31st. Jefferies Financial Group reduced their price target on EQB from C$128.00 to C$127.00 in a research note on Thursday, September 3rd. Finally, TD upped their price objective on EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a report on Friday, August 14th.

Insider Activity

In other EQB news, insider Loblaw Companies Limited purchased 16,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average cost of C$128.16 per share, with a total value of C$2,050,560.00. Following the completion of the transaction, the insider owned 1,612,100 shares in the company, valued at C$206,606,736. The trade was a 1.00% increase in their ownership of the stock. Over the last three months, insiders have bought 150,100 shares of company stock valued at $19,914,708 and have sold 7,484 shares valued at $1,069,719. Insiders own 29.02% of the company’s stock.

EQB Price Performance

EQB stock opened at C$125.39 on Friday. The company has a fifty day moving average price of C$135.97 and a two-hundred day moving average price of C$124.79. EQB has a one year low of C$83.93 and a one year high of C$150.32. The stock has a market cap of C$4.59 billion, a price-to-earnings ratio of -447.82, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, August 26th. The company reported C$2.12 earnings per share for the quarter. The company had revenue of C$393.04 million for the quarter. EQB had a negative net margin of 0.08% and a negative return on equity of 0.07%. Research analysts anticipate that EQB will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is a boost from EQB’s previous quarterly dividend of $0.61. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. EQB’s dividend payout ratio (DPR) is presently -828.57%.

EQB Company Profile

EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country’s seventh largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.