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

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

Several other equities analysts also recently weighed in on EQB. BMO Capital Markets raised their price target on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. CIBC lifted their price objective on EQB from C$105.00 to C$113.00 in a research report on Friday, September 6th. Cormark reduced their target price on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Raymond James decreased their price target on shares of EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. Finally, TD Securities cut their price objective on shares of EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$112.13.

EQB Stock Up 0.2 %

Shares of EQB stock opened at C$110.57 on Monday. The stock has a market cap of C$4.24 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a fifty-two week low of C$74.00 and a fifty-two week high of C$111.59. The business has a fifty day simple moving average of C$105.90 and a 200-day simple moving average of C$97.06.

EQB (TSE:EQB) last released its quarterly earnings results on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, beating the consensus estimate of C$2.93 by C$0.03. EQB had a net margin of 39.67% and a return on equity of 14.70%. The business had revenue of C$327.24 million for the quarter, compared to analyst estimates of C$325.00 million. On average, sell-side analysts anticipate that EQB will post 12.5988235 earnings per share for the current year.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date was Friday, September 13th. This represents a $1.88 dividend on an annualized basis and a yield of 1.70%. This is an increase from EQB’s previous quarterly dividend of $0.45. EQB’s dividend payout ratio (DPR) is currently 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.