EQB (TSE:EQB) Price Target Raised to C$135.00

EQB (TSE:EQB) had its target price hoisted by Scotiabank from C$109.00 to C$135.00 in a research report report published on Monday morning,BayStreet.CA reports.

EQB has been the topic of several other research reports. Cormark reduced their price objective on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. TD Securities reduced their price target on shares of EQB from C$112.00 to C$109.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Raymond James lowered their price objective on shares of EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st. BMO Capital Markets lifted their target price on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Finally, CIBC increased their price target on EQB from C$105.00 to C$113.00 in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$114.25.

EQB Stock Up 0.5 %

EQB stock opened at C$111.51 on Monday. The business’s fifty day moving average is C$106.60 and its 200-day moving average is C$97.53. The company has a market cap of C$4.28 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a twelve month low of C$74.04 and a twelve month high of C$111.95.

EQB (TSE:EQB) last posted its earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.93 by C$0.03. The company had revenue of C$327.24 million during the quarter, compared to analyst estimates of C$325.00 million. EQB had a return on equity of 14.70% and a net margin of 39.67%. Research analysts anticipate that EQB will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were given a dividend of $0.47 per share. This is a boost from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, September 13th. EQB’s dividend payout ratio is currently 19.75%.

EQB Company Profile

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.