EQB (TSE:EQB) Price Target Raised to C$109.00

EQB (TSE:EQB) had its price target upped by Jefferies Financial Group from C$97.00 to C$109.00 in a research report report published on Wednesday,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. BMO Capital Markets upgraded shares of EQB from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$108.00 to C$130.00 in a report on Tuesday, January 20th. Veritas raised shares of EQB to a “hold” rating in a research note on Monday, December 1st. TD Securities increased their price target on shares of EQB from C$96.00 to C$103.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Desjardins raised their price objective on shares of EQB from C$110.00 to C$125.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Raymond James Financial cut their price objective on EQB from C$93.00 to C$91.00 in a research report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$108.89.

EQB Stock Performance

TSE EQB opened at C$117.83 on Wednesday. The stock has a market cap of C$4.39 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$119.06. The stock has a 50 day simple moving average of C$105.38 and a two-hundred day simple moving average of C$97.26.

EQB (TSE:EQB) last announced its earnings results 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%. Sell-side analysts predict that EQB will post 12.5988235 earnings per share for the current year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.57 per share. This is a positive change from EQB’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 15th. EQB’s payout ratio is 31.28%.

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. 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.