EQB (TSE:EQB) Price Target Cut to C$147.00 by Analysts at Royal Bank of Canada

EQB (TSE:EQB) had its target price cut by Royal Bank of Canada from C$153.00 to C$147.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

EQB has been the subject of several other reports. CIBC boosted their price target on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Raymond James upped their target price on EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Desjardins reduced their target price on EQB from C$130.00 to C$126.00 and set a “buy” rating on the stock in a research report on Thursday. National Bankshares lifted their price target on EQB from C$109.00 to C$117.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Scotiabank cut their price objective on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$122.80.

EQB Price Performance

Shares of TSE EQB opened at C$101.27 on Thursday. The company has a 50-day simple moving average of C$105.27 and a 200-day simple moving average of C$103.91. The company has a market cap of C$3.92 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 12 month low of C$78.24 and a 12 month high of C$114.22.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.94%. This is a boost from EQB’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, December 13th. EQB’s payout ratio is 29.31%.

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.