Brokerages Set EQB Inc. (TSE:EQB) Target Price at C$106.56

EQB Inc. (TSE:EQB) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$106.56.

EQB has been the topic of several recent research reports. BMO Capital Markets increased their target price on EQB from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. TD Securities decreased their price objective on EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a report on Friday, August 30th. Raymond James decreased their price objective on EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. CIBC increased their price objective on EQB from C$105.00 to C$113.00 in a report on Friday, September 6th. Finally, Scotiabank decreased their price objective on EQB from C$113.00 to C$109.00 in a report on Monday, August 19th.

EQB Price Performance

Shares of EQB stock opened at C$108.17 on Tuesday. EQB has a 1 year low of C$71.90 and a 1 year high of C$109.64. The stock’s 50 day simple moving average is C$103.32 and its two-hundred day simple moving average is C$95.24. The company has a market cap of C$4.15 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

EQB (TSE:EQB) last released its earnings results on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, beating analysts’ consensus estimates of C$2.93 by C$0.03. The firm had revenue of C$327.24 million for the quarter, compared to analysts’ expectations of C$325.00 million. EQB had a return on equity of 14.70% and a net margin of 39.67%. Equities research analysts expect that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were paid a $0.47 dividend. This is an increase from EQB’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.88 annualized dividend and a dividend yield of 1.74%. EQB’s payout ratio is 19.75%.

EQB Company Profile

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.