EQB (TSE:EQB) Price Target Raised to C$120.00

EQB (TSE:EQB) had its price objective boosted by National Bank Financial from C$111.00 to C$120.00 in a research note published on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities analysts also recently weighed in on EQB. Jefferies Financial Group boosted their target price on shares of EQB from C$97.00 to C$109.00 in a research note on Wednesday, February 11th. Veritas raised shares of EQB to a “hold” rating in a report on Monday, December 1st. TD Securities dropped their price objective on shares of EQB from C$138.00 to C$132.00 in a research report on Thursday. BMO Capital Markets raised EQB from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$108.00 to C$130.00 in a report on Tuesday, January 20th. Finally, Scotiabank increased their price objective on EQB from C$102.00 to C$105.00 in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$117.44.

EQB Price Performance

Shares of EQB stock opened at C$115.32 on Thursday. EQB has a 52-week low of C$83.93 and a 52-week high of C$126.51. The firm has a market capitalization of C$4.30 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74. The company’s fifty day moving average price is C$109.19 and its two-hundred day moving average price is C$98.25.

EQB (TSE:EQB) last released its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 EPS for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. Analysts predict that EQB will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.57 per share. This is an increase from EQB’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, December 15th. This represents a $2.28 annualized dividend and a yield of 2.0%. EQB’s dividend payout ratio is 31.28%.

More EQB News

Here are the key news stories impacting EQB this week:

• Positive Sentiment: Scotiabank raised its price target on EQB from C$105.00 to C$122.00, signaling a renewed bullish view that implies upside from recent levels. Scotiabank raise
• Positive Sentiment: National Bank Financial lifted its target to C$120.00 and moved to a “sector perform” stance, reflecting a modestly more constructive view on near-term performance. National Bank target raise
• Neutral Sentiment: Coverage piece: “Is EQB Still Attractive After Mixed Recent Share Price Performance” examines valuation and fundamentals and weighs EQB’s earnings/ROE versus recent stock moves — useful context but not a direct catalyst. Is EQB still attractive
• Neutral Sentiment: Coverage piece: “Why The EQB Story Is Shifting With New ROE Expectations And Price Targets” summarizes analyst revisions to ROE forecasts and how those changes are driving updated targets — important for medium-term outlook but mixed in direction. ROE expectations shifting
• Negative Sentiment: TD Securities cut its price target on EQB from C$138.00 to C$132.00, a downward revision that reduces upside expectations despite the new target remaining above current trading levels. TD Securities cut

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. 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.