EQB (TSE:EQB) Price Target Raised to C$105.00 at TD Securities

EQB (TSE:EQB) had its target price lifted by TD Securities from C$100.00 to C$105.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the stock. Desjardins dropped their price target on shares of EQB from C$110.00 to C$103.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Jefferies Financial Group lowered shares of EQB from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$119.00 to C$107.00 in a research report on Friday, August 29th. Scotiabank upped their price target on shares of EQB from C$94.00 to C$96.00 in a research report on Friday, October 10th. CIBC dropped their price target on shares of EQB from C$126.00 to C$116.00 and set a “hold” rating for the company in a research report on Friday, August 29th. Finally, National Bankshares dropped their price target on shares of EQB from C$104.00 to C$89.00 and set a “sector perform” rating for the company in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$103.10.

EQB Stock Performance

Shares of EQB stock opened at C$89.18 on Thursday. EQB has a one year low of C$85.14 and a one year high of C$114.22. The company has a 50 day moving average price of C$93.44 and a 200 day moving average price of C$95.76. The firm has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.34 and a beta of 1.13.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.5%. This is a boost from EQB’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, September 15th. EQB’s payout ratio is currently 22.68%.

About EQB

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.