EQB (TSE:EQB) Price Target Raised to C$110.00

EQB (TSE:EQB) had its target price boosted by Desjardins from C$107.00 to C$110.00 in a research report sent to investors on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

EQB has been the subject of a number of other reports. BMO Capital Markets raised their price target on shares of EQB from C$100.00 to C$108.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Raymond James Financial reduced their target price on shares of EQB from C$93.00 to C$91.00 in a report on Friday, December 5th. CIBC decreased their target price on shares of EQB from C$126.00 to C$116.00 and set a “hold” rating for the company in a research report on Friday, August 29th. Jefferies Financial Group cut their price target on EQB from C$107.00 to C$93.00 in a research report on Tuesday, November 25th. Finally, National Bankshares decreased their price objective on EQB from C$104.00 to C$89.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$101.78.

EQB Stock Performance

Shares of EQB opened at C$102.63 on Thursday. The stock has a 50-day moving average of C$90.49 and a two-hundred day moving average of C$94.87. The stock has a market cap of C$3.95 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.34 and a beta of 0.95. EQB has a one year low of C$83.93 and a one year high of C$114.22.

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

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from EQB’s previous quarterly dividend of $0.55. The ex-dividend date is Monday, December 15th. EQB’s dividend payout ratio (DPR) is presently 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.