Brokerages Set EQB Inc. (TSE:EQB) Target Price at C$114.25

EQB Inc. (TSE:EQB) has received an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$114.25.

A number of analysts have recently commented on the company. BMO Capital Markets lifted their target price on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Cormark dropped their price target on EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Raymond James dropped their price target on EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st. TD Securities dropped their price target on EQB from C$112.00 to C$109.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, CIBC boosted their target price on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th.

EQB Price Performance

The business’s 50 day moving average price is C$106.98 and its 200-day moving average price is C$98.01. EQB has a 52-week low of C$77.90 and a 52-week high of C$113.20. The firm has a market capitalization of C$4.29 billion, a PE ratio of 11.75, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of ∞. This is an increase from EQB’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, September 13th. EQB’s dividend payout ratio is presently 19.75%.

EQB Company Profile

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.