Analysts Set EQB Inc. (TSE:EQB) Target Price at C$101.78

Shares of EQB Inc. (TSE:EQB) have earned an average rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$103.00.

EQB has been the topic of several recent research reports. TD Securities boosted their price objective on shares of EQB from C$96.00 to C$103.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Veritas upgraded shares of EQB to a “hold” rating in a research report on Monday, December 1st. BMO Capital Markets upped their price target on shares of EQB from C$100.00 to C$108.00 and gave the company a “market perform” rating in a report on Friday, October 24th. Raymond James Financial lowered their price target on shares of EQB from C$93.00 to C$91.00 in a research report on Friday, December 5th. Finally, Jefferies Financial Group cut their price objective on shares of EQB from C$107.00 to C$93.00 in a research report on Tuesday, November 25th.

EQB Price Performance

TSE EQB opened at C$104.52 on Friday. The business has a 50 day moving average price of C$94.75 and a 200 day moving average price of C$96.00. The company has a market capitalization of C$3.90 billion, a P/E ratio of 15.72, a PEG ratio of 0.34 and a beta of 0.94. EQB has a 1-year low of C$83.93 and a 1-year high of C$114.22.

EQB (TSE:EQB) last posted its earnings results on Wednesday, December 3rd. The company reported C$6.56 EPS for the quarter. EQB had a return on equity of 8.52% and a net margin of 13.04%. On average, research analysts expect that EQB will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, December 15th. This is an increase from EQB’s previous quarterly dividend of $0.55. EQB’s dividend payout ratio (DPR) is presently 31.28%.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.