EQB (TSE:EQB) Given New C$105.00 Price Target at Scotiabank

EQB (TSE:EQB) had its price target increased by Scotiabank from C$102.00 to C$105.00 in a report issued on Friday,BayStreet.CA reports.

Several other equities research analysts also recently commented on the company. BMO Capital Markets boosted their target price on EQB from C$100.00 to C$108.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. Jefferies Financial Group lowered their price target on EQB from C$107.00 to C$93.00 in a research report on Tuesday, November 25th. TD Securities increased their price objective on shares of EQB from C$96.00 to C$103.00 and gave the company a “hold” rating in a research report on Friday, December 5th. Desjardins raised their price objective on shares of EQB from C$107.00 to C$110.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Finally, Raymond James Financial decreased their target price on shares of EQB from C$93.00 to C$91.00 in a report on Friday, December 5th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$103.00.

EQB Price Performance

TSE:EQB opened at C$104.52 on Friday. The firm 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 one year low of C$83.93 and a one year high of C$114.22. The company’s 50-day simple moving average is C$94.75 and its 200 day simple moving average is C$96.00.

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

EQB Increases Dividend

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