Raymond James Issues Positive Forecast for EQB (TSE:EQB) Stock Price

EQB (TSE:EQB) had its target price raised by Raymond James from C$112.00 to C$121.00 in a research report report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on EQB. 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. BMO Capital Markets raised their target price on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and cut their price target for the company from C$126.00 to C$110.00 in a report on Friday, December 6th. Scotiabank decreased their price objective on EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. Finally, Cormark lowered EQB from a “buy” rating to a “market perform” rating and dropped their target price for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$115.50.

EQB Stock Up 0.7 %

TSE EQB opened at C$106.89 on Friday. The stock has a market cap of C$4.10 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a fifty-two week low of C$78.24 and a fifty-two week high of C$113.20. The business has a fifty day moving average of C$104.57 and a 200-day moving average of C$100.83.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.49 dividend. This is a positive change from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, December 13th. EQB’s dividend payout ratio (DPR) is 19.75%.

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.