EQB (TSE:EQB) Given a C$120.00 Price Target at National Bank Financial

National Bank Financial set a C$120.00 price target on EQB (TSE:EQB) in a report released on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Scotiabank raised their target price on shares of EQB from C$105.00 to C$122.00 in a report on Friday, February 27th. Desjardins lifted their price target on EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. TD Securities lowered their price objective on shares of EQB from C$138.00 to C$132.00 in a research note on Thursday, February 26th. Jefferies Financial Group raised their price objective on shares of EQB from C$97.00 to C$109.00 in a research note on Wednesday, February 11th. Finally, BMO Capital Markets upgraded shares of EQB from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$108.00 to C$130.00 in a research note on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, EQB has an average rating of “Hold” and an average price target of C$118.22.

EQB Stock Performance

Shares of EQB stock opened at C$115.00 on Friday. EQB has a one year low of C$83.93 and a one year high of C$126.51. The company’s 50-day simple moving average is C$115.15 and its 200-day simple moving average is C$106.23. The stock has a market capitalization of C$4.21 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 0.34 and a beta of 0.74.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a dividend of $0.59 per share. The ex-dividend date was Friday, March 13th. This is a positive change from EQB’s previous quarterly dividend of $0.57. This represents a $2.36 dividend on an annualized basis and a yield of 2.1%. EQB’s payout ratio is 36.06%.

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.