Analysts Set EQB Inc. (TSE:EQB) Price Target at C$115.50

EQB Inc. (TSE:EQB) has earned an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$115.50.

Several equities analysts have recently issued reports on EQB shares. Cormark cut EQB from a “buy” rating to a “market perform” rating and lowered their price target for the company from C$131.00 to C$110.00 in a research report on Thursday, December 5th. Scotiabank lowered their target price on EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. CIBC boosted their price target on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. BMO Capital Markets raised their price objective on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Finally, Raymond James boosted their target price on shares of EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a report on Friday, January 10th.

EQB Trading Up 1.8 %

EQB stock opened at C$111.85 on Friday. EQB has a 52 week low of C$78.24 and a 52 week high of C$113.20. The company has a market capitalization of C$4.29 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The firm’s 50-day moving average is C$104.93 and its two-hundred day moving average is C$101.97.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.49 dividend. This is an increase from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, December 13th. EQB’s dividend payout ratio (DPR) is 19.75%.

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.