EQB Inc. (TSE:EQB) Stock Has Average Target Price of C$139.10

Shares of EQB Inc. (TSE:EQB) have been given a consensus rating of “Hold” by the eleven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$139.10.

EQB has been the topic of a number of research reports. Raymond James Financial cut shares of EQB from a “hold” rating to a “strong sell” rating and decreased their target price for the stock from C$136.00 to C$120.00 in a research note on Friday, August 28th. Canadian Imperial Bank of Commerce dropped their price target on EQB from C$165.00 to C$154.00 and set an “outperformer” rating for the company in a research note on Friday, August 28th. Desjardins cut their price objective on EQB from C$155.00 to C$150.00 and set a “buy” rating on the stock in a report on Friday, August 28th. National Bank Financial raised their price objective on EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Finally, Royal Bank Of Canada boosted their price objective on EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th.

Insider Buying and Selling

In other EQB news, insider Loblaw Companies Limited purchased 8,000 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was purchased at an average cost of C$127.05 per share, for a total transaction of C$1,016,400.00. Following the transaction, the insider owned 1,780,100 shares in the company, valued at C$226,161,705. The trade was a 0.45% increase in their position. Also, Director Andrew Michael Bunston purchased 200 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were acquired at an average cost of C$126.37 per share, with a total value of C$25,274.00. Following the purchase, the director directly owned 200 shares of the company’s stock, valued at approximately C$25,274. The trade was a ∞ increase in their position. Insiders have acquired a total of 200,200 shares of company stock worth $25,869,034 over the last three months. Insiders own 29.02% of the company’s stock.

EQB Price Performance

TSE EQB opened at C$119.00 on Friday. The business has a fifty day moving average price of C$124.80 and a two-hundred day moving average price of C$122.21. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32. The stock has a market capitalization of C$5.07 billion, a PE ratio of -425.00, a PEG ratio of 0.34 and a beta of 0.86.

EQB (TSE:EQB) last issued its quarterly earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share (EPS) for the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%. The company had revenue of C$393.04 million for the quarter. As a group, sell-side analysts expect that EQB will post 12.60 earnings per share for the current year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a dividend of $0.63 per share. The ex-dividend date was Tuesday, September 15th. This represents a $2.52 annualized dividend and a yield of 2.1%. This is a boost from EQB’s previous quarterly dividend of $0.61. EQB’s dividend payout ratio is -828.57%.

About EQB

EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country’s seventh largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.