EQB (TSE:EQB) Price Target Raised to C$135.00 at Scotiabank

EQB (TSE:EQB) had its price target hoisted by Scotiabank from C$109.00 to C$135.00 in a research report report published on Monday,BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. Raymond James dropped their target price on shares of EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. TD Securities dropped their price objective on EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research note on Friday, August 30th. BMO Capital Markets increased their target price on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. CIBC raised their target price on EQB from C$105.00 to C$113.00 in a report on Friday, September 6th. Finally, Cormark cut their price target on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$114.25.

EQB Stock Performance

EQB stock opened at C$110.93 on Monday. EQB has a one year low of C$74.00 and a one year high of C$111.95. The firm has a market cap of C$4.26 billion, a PE ratio of 11.69, a PEG ratio of 0.34 and a beta of 1.59. The firm’s 50 day moving average price is C$106.37 and its 200-day moving average price is C$97.43.

EQB (TSE:EQB) last announced its earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share for the quarter, topping the consensus estimate of C$2.93 by C$0.03. The company had revenue of C$327.24 million during the quarter, compared to analyst estimates of C$325.00 million. EQB had a net margin of 39.67% and a return on equity of 14.70%. Equities research analysts predict that EQB will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were paid a dividend of $0.47 per share. This is a boost 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 yield of 1.69%. EQB’s payout ratio is presently 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.