EQB (TSE:EQB) Given New C$119.00 Price Target at Scotiabank

EQB (TSE:EQB) had its target price lowered by Scotiabank from C$130.00 to C$119.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and dropped their price target for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. BMO Capital Markets increased their price target on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Jefferies Financial Group set a C$129.00 target price on EQB and gave the stock a “buy” rating in a research note on Thursday, January 30th. Desjardins set a C$130.00 price target on EQB and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, CIBC raised their price target on shares of EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$117.20.

EQB Trading Down 0.6 %

Shares of EQB stock opened at C$101.78 on Thursday. The stock has a market cap of C$3.94 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22. The stock has a 50 day simple moving average of C$105.05 and a 200 day simple moving average of C$103.68.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, December 13th. This is a boost from EQB’s previous quarterly dividend of $0.47. EQB’s dividend payout ratio (DPR) 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.