Jefferies Financial Group Analysts Give EQB (TSE:EQB) a C$129.00 Price Target

Jefferies Financial Group set a C$129.00 price target on EQB (TSE:EQB) in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. BMO Capital Markets increased their price objective on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Cormark downgraded EQB from a “buy” rating to a “market perform” rating and cut their price target for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Raymond James lifted their price objective on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. CIBC increased their target price on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. Finally, Scotiabank reduced their target price on EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$117.00.

EQB Stock Performance

EQB stock opened at C$108.36 on Thursday. EQB has a 52 week low of C$78.24 and a 52 week high of C$114.22. The firm has a market cap of C$4.16 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.34 and a beta of 1.59. The business’s fifty day moving average is C$105.20 and its two-hundred day moving average is C$102.63.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.49 dividend. The ex-dividend date was Friday, December 13th. This is a positive change from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a dividend yield of 1.81%. EQB’s payout ratio is presently 19.75%.

EQB Company Profile

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.