EQB (TSE:EQB) Price Target Raised to C$111.00

EQB (TSE:EQB) had its price target increased by National Bank Financial from C$98.00 to C$111.00 in a report published on Tuesday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

A number of other research firms have also recently issued reports on EQB. TD Securities boosted their price objective on shares of EQB from C$96.00 to C$103.00 and gave the company a “hold” rating in a research report on Friday, December 5th. Jefferies Financial Group upped their target price on shares of EQB from C$97.00 to C$109.00 in a report on Wednesday, February 11th. BMO Capital Markets raised EQB from a “hold” rating to an “outperform” rating and raised their price target for the company from C$108.00 to C$130.00 in a report on Tuesday, January 20th. Desjardins increased their target price on EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, Raymond James Financial dropped their target price on EQB from C$93.00 to C$91.00 in a research report on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$115.22.

EQB Stock Down 3.2%

Shares of TSE EQB opened at C$117.65 on Tuesday. The company has a market cap of C$4.39 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.34 and a beta of 0.74. EQB has a 52 week low of C$83.93 and a 52 week high of C$126.51. The business has a 50-day simple moving average of C$107.11 and a two-hundred day simple moving average of C$97.68.

EQB (TSE:EQB) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 earnings per share (EPS) for the quarter. EQB had a return on equity of 8.52% and a net margin of 13.04%. Equities research analysts anticipate that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.57 dividend. 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 annualized dividend and a yield of 1.9%. 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.