Brokerages Set EQB Inc. (TSE:EQB) Price Target at C$106.56

Shares of EQB Inc. (TSE:EQB) have been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$106.56.

EQB has been the subject of a number of recent analyst reports. CIBC raised their price objective on shares of EQB from C$105.00 to C$113.00 in a research report on Friday, September 6th. TD Securities reduced their price objective on shares of EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Raymond James reduced 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 raised their price objective on shares of EQB from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Cormark reduced their price objective on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating for the company in a research report on Thursday, August 29th.

EQB Stock Up 1.1 %

TSE EQB opened at C$108.32 on Friday. EQB has a 52-week low of C$66.41 and a 52-week high of C$108.71. The business’s 50-day moving average price is C$99.31 and its 200 day moving average price is C$92.73. The firm has a market cap of C$4.16 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.34 and a beta of 1.59.

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

EQB Increases Dividend

The business also recently declared 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 represents a $1.88 dividend on an annualized basis and a dividend yield of 1.74%. This is an increase from EQB’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, September 13th. EQB’s dividend payout ratio (DPR) is presently 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.