EQB (TSE:EQB) Given a C$130.00 Price Target at Desjardins

Desjardins set a C$130.00 price target on EQB (TSE:EQB - Free Report) in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for EQB's Q1 2025 earnings at $2.78 EPS, Q2 2025 earnings at $2.76 EPS, Q3 2025 earnings at $3.25 EPS, Q4 2025 earnings at $3.26 EPS, FY2025 earnings at $12.05 EPS and FY2026 earnings at $13.75 EPS.

A number of other analysts have also recently commented on the stock. Cormark cut shares of EQB from a "buy" rating to a "market perform" rating and dropped their price target for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Raymond James increased their target price on shares of EQB from C$112.00 to C$121.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. TD Securities cut shares of EQB from a "buy" rating to a "hold" rating and lowered their target price for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th. Scotiabank lowered their target price on shares of EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th. Finally, Jefferies Financial Group set a C$129.00 target price on shares of EQB and gave the stock a "buy" rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$118.30.

EQB Trading Up 0.1 %

Shares of EQB stock traded up C$0.09 during trading on Tuesday, reaching C$106.38. 35,874 shares of the company's stock traded hands, compared to its average volume of 61,449. The company has a market capitalization of C$4.12 billion, a P/E ratio of 16.58, a PEG ratio of 0.34 and a beta of 1.59. The firm's 50-day moving average is C$104.65 and its 200 day moving average is C$103.30. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.84%. This is a positive change from EQB's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, December 13th. EQB's payout ratio is 29.31%.

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.