EQB (TSE:EQB) Price Target Raised to C$117.00

EQB (TSE:EQB - Free Report) had its price target hoisted by National Bankshares from C$109.00 to C$117.00 in a research note published on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group set a C$129.00 price target on EQB and gave the company a "buy" rating in a report on Thursday, January 30th. CIBC boosted their price target on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Cormark downgraded EQB from a "buy" rating to a "market perform" rating and lowered their price target for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. Scotiabank lowered their price target on EQB from C$130.00 to C$119.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Raymond James boosted their price target on EQB from C$112.00 to C$121.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$122.80.

EQB Trading Down 0.2 %

EQB stock traded down C$0.17 during midday trading on Wednesday, hitting C$101.10. 159,619 shares of the company's stock were exchanged, compared to its average volume of 65,355. EQB has a 12-month low of C$78.24 and a 12-month high of C$114.22. The firm has a 50 day moving average price of C$105.31 and a 200-day moving average price of C$104.00. The stock has a market capitalization of C$3.91 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

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EQB Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 1.94%. This is a positive change from EQB's previous quarterly dividend of $0.47. EQB's payout ratio is currently 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.