EQB (TSE:EQB) Price Target Raised to C$111.00 at National Bank Financial

EQB (TSE:EQB) had its target price boosted by National Bank Financial from C$98.00 to C$111.00 in a report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other brokerages also recently commented on EQB. Scotiabank lifted their target price on EQB from C$102.00 to C$105.00 in a research note on Friday, January 9th. Desjardins raised their price target on EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a report on Monday, February 9th. BMO Capital Markets raised shares of EQB from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$108.00 to C$130.00 in a research report on Tuesday, January 20th. TD Securities increased their price objective on shares of EQB from C$96.00 to C$103.00 and gave the company a “hold” rating in a research report on Friday, December 5th. Finally, Veritas upgraded shares of EQB to a “hold” rating in a research note on Monday, December 1st. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$111.33.

EQB Price Performance

EQB stock opened at C$120.02 on Tuesday. The company’s 50-day moving average is C$106.25 and its 200-day moving average is C$97.37. The firm has a market capitalization of C$4.48 billion, a PE ratio of 18.05, a P/E/G ratio of 0.34 and a beta of 0.74. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$120.58.

EQB (TSE:EQB) last issued its earnings results on Wednesday, December 3rd. The company reported C$6.56 earnings per share (EPS) for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. As a group, analysts expect that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.57 per share. This is an increase from EQB’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, December 15th. EQB’s payout ratio is 31.28%.

About EQB

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.