EQB (TSE:EQB) Price Target Raised to C$117.00

EQB (TSE:EQB) had its target price raised by National Bankshares from C$109.00 to C$117.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts also recently issued reports about the stock. Jefferies Financial Group set a C$129.00 price target on shares of EQB and gave the stock a “buy” rating in a report on Thursday, January 30th. BMO Capital Markets increased their price objective on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. CIBC increased their price objective on shares of EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Cormark downgraded shares of EQB from a “buy” rating to a “market perform” rating and decreased their price objective for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. Finally, Raymond James increased their price objective on shares of EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$122.80.

EQB Stock Performance

Shares of TSE EQB opened at C$101.10 on Wednesday. The company’s fifty day moving average price is C$105.27 and its 200 day moving average price is C$103.91. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22. The company has a market capitalization of C$3.91 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from EQB’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, December 13th. EQB’s dividend payout ratio is 29.31%.

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.