Analysts Set EQB Inc. (TSE:EQB) PT at C$114.25

Shares of EQB Inc. (TSE:EQB) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$114.25.

EQB has been the topic of a number of research reports. CIBC upped their price target on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Cormark lowered their target price on EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Scotiabank increased their target price on EQB from C$109.00 to C$135.00 in a report on Monday, November 25th. Raymond James lowered their target price on EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. Finally, BMO Capital Markets increased their target price on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th.

EQB Trading Down 0.4 %

Shares of EQB stock opened at C$109.45 on Friday. The company has a market cap of C$4.20 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The stock has a 50 day simple moving average of C$107.25 and a 200-day simple moving average of C$98.37. EQB has a 12-month low of C$77.90 and a 12-month high of C$113.20.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were given a $0.47 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 1.72%. EQB’s dividend payout ratio (DPR) is 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.