EQB (TSE:EQB) Price Target Raised to C$103.00

EQB (TSE:EQB) had its price target boosted by TD Securities from C$96.00 to C$103.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

EQB has been the topic of several other reports. National Bankshares reduced their target price on EQB from C$104.00 to C$89.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 28th. Scotiabank set a C$94.00 price target on EQB and gave the stock a “sector perform” rating in a research note on Tuesday, November 25th. BMO Capital Markets increased their price objective on shares of EQB from C$100.00 to C$108.00 and gave the company a “market perform” rating in a research report on Friday, October 24th. Desjardins lowered their target price on shares of EQB from C$110.00 to C$103.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Finally, Jefferies Financial Group dropped their target price on shares of EQB from C$107.00 to C$93.00 in a research report on Tuesday, November 25th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$101.00.

EQB Trading Down 1.3%

TSE EQB opened at C$96.71 on Friday. The firm’s fifty day simple moving average is C$89.38 and its two-hundred day simple moving average is C$94.58. EQB has a 12-month low of C$83.93 and a 12-month high of C$114.22. The firm has a market capitalization of C$3.71 billion, a P/E ratio of 10.96, a P/E/G ratio of 0.34 and a beta of 0.95.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 EPS 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 predict that EQB will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.20 dividend on an annualized basis and a yield of 2.3%. This is a boost from EQB’s previous quarterly dividend of $0.53. EQB’s payout ratio is 22.68%.

About EQB

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.