TD Securities Cuts EQB (TSE:EQB) Price Target to C$132.00

EQB (TSE:EQB) had its price target lowered by TD Securities from C$138.00 to C$132.00 in a research report released on Thursday,BayStreet.CA reports.

Several other brokerages also recently commented on EQB. Veritas upgraded EQB to a “hold” rating in a research report on Monday, December 1st. Scotiabank lifted their price objective on shares of EQB from C$102.00 to C$105.00 in a research note on Friday, January 9th. National Bank Financial raised their price target on EQB from C$98.00 to C$111.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. BMO Capital Markets raised shares of EQB from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$108.00 to C$130.00 in a research report on Tuesday, January 20th. Finally, Raymond James Financial lowered their price objective on shares of EQB from C$93.00 to C$91.00 in a research note on Friday, December 5th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$117.44.

EQB Stock Down 0.9%

TSE EQB 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 P/E ratio of 17.34, a PEG ratio of 0.34 and a beta of 0.74. The company has a 50-day moving average price of C$109.19 and a 200-day moving average price of C$98.25.

EQB (TSE:EQB) last issued its quarterly earnings data 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, equities research analysts anticipate that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

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

EQB News Roundup

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.