Brokerages Set EQB Inc. (TSE:EQB) Price Target at C$122.50

EQB Inc. (TSE:EQB) has been assigned an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$122.50.

Several research firms have issued reports on EQB. Raymond James Financial dropped their price target on EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. Jefferies Financial Group upped their price objective on EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. Scotiabank increased their price objective on EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. TD dropped their target price on EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a research report on Thursday, May 28th. Finally, Desjardins boosted their target price on EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th.

Insider Activity

In other news, Director Darren Lorimer sold 750 shares of the business’s stock in a transaction on Thursday, July 16th. The shares were sold at an average price of C$149.24, for a total value of C$111,930.00. Following the sale, the director owned 6,988 shares of the company’s stock, valued at C$1,042,889.12. The trade was a 9.69% decrease in their ownership of the stock. Also, insider Loblaw Companies Limited bought 8,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was acquired at an average cost of C$141.57 per share, with a total value of C$1,132,560.00. Following the transaction, the insider owned 1,250,100 shares of the company’s stock, valued at C$176,976,657. This represents a 0.64% increase in their position. Over the last ninety days, insiders have acquired 22,100 shares of company stock worth $3,167,188 and have sold 7,484 shares worth $1,069,719. 29.02% of the stock is owned by corporate insiders.

EQB Stock Down 0.0%

EQB stock opened at C$138.46 on Thursday. The company has a 50 day moving average of C$127.23 and a 200-day moving average of C$118.11. EQB has a twelve month low of C$83.93 and a twelve month high of C$150.32. The stock has a market capitalization of C$4.91 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 0.34 and a beta of 0.93.

EQB (TSE:EQB) last posted its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. The business had revenue of C$302.36 million for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. Equities analysts anticipate that EQB will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from EQB’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, June 15th. EQB’s dividend payout ratio is 44.01%.

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.