EQB (TSE:EQB) Given New C$123.00 Price Target at Raymond James Financial

EQB (TSE:EQB) had its price objective lowered by Raymond James Financial from C$127.00 to C$123.00 in a research report sent to investors on Friday,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Several other equities analysts have also commented on the stock. TD Securities decreased their target price on shares of EQB from C$138.00 to C$132.00 in a report on Thursday, February 26th. Scotiabank raised their price objective on shares of EQB from C$105.00 to C$122.00 in a report on Friday, February 27th. Jefferies Financial Group upped their price target on EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. National Bank Financial set a C$120.00 target price on shares of EQB and gave the company a “sector perform” rating in a research report on Friday, May 15th. Finally, TD lowered their price target on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a report on Thursday. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$122.20.

EQB Stock Performance

EQB opened at C$116.93 on Friday. The business’s 50-day simple moving average is C$115.94 and its 200 day simple moving average is C$108.16. EQB has a 52-week low of C$83.93 and a 52-week high of C$126.51. The firm has a market capitalization of C$4.28 billion, a PE ratio of 19.52, a PEG ratio of 0.34 and a beta of 0.74.

EQB (TSE:EQB) last released its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. The firm had revenue of C$302.36 million for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. On average, research analysts forecast 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 Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.36 annualized dividend and a dividend yield of 2.0%. This is an increase from EQB’s previous quarterly dividend of $0.57. EQB’s payout ratio is 36.06%.

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.