Desjardins upgraded shares of EQB (TSE:EQB - Free Report) to a moderate buy rating in a research report released on Monday,Zacks.com reports. 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.
Several other equities research analysts have also issued reports on the company. Jefferies Financial Group set a C$129.00 price target on EQB and gave the stock a "buy" rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their price target on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Cormark lowered EQB from a "buy" rating to a "market perform" rating and dropped their price target for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th. TD Securities lowered EQB from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th. Finally, CIBC lifted their price target on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$118.30.
Get Our Latest Stock Analysis on EQB
EQB Price Performance
EQB stock traded up C$0.09 during mid-day trading on Monday, hitting C$106.38. 35,874 shares of the stock were exchanged, compared to its average volume of 61,449. The business has a fifty day moving average price of C$104.65 and a 200 day moving average price of C$103.30. EQB has a 12 month low of C$78.24 and a 12 month high of C$114.22. The stock has a market capitalization of C$4.12 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.34 and a beta of 1.59.
EQB Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Friday, December 13th. This is an increase from EQB's previous quarterly dividend of $0.47. EQB's payout ratio is currently 29.31%.
About EQB
(
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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.
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