EQB (TSE:EQB) Price Target Raised to C$143.00

EQB (TSE:EQB) had its target price raised by National Bank Financial from C$120.00 to C$143.00 in a research report released on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

EQB has been the topic of several other research reports. Jefferies Financial Group boosted their price objective on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. Desjardins raised their target price on EQB from C$132.00 to C$155.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. TD dropped their target price on EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Scotiabank boosted their price target on shares of EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Finally, Raymond James Financial reduced their price target on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$133.20.

EQB Stock Performance

TSE:EQB opened at C$142.00 on Thursday. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32. The company has a 50 day moving average price of C$134.35 and a 200 day moving average price of C$121.86. The stock has a market capitalization of C$5.03 billion, a P/E ratio of 27.90, a PEG ratio of 0.34 and a beta of 0.92.

EQB (TSE:EQB) last released its quarterly earnings results on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%.The company had revenue of C$302.36 million for the quarter. Research analysts forecast that EQB will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.61 dividend. The ex-dividend date was Monday, June 15th. This is an increase from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 annualized dividend and a dividend yield of 1.7%. EQB’s payout ratio is 44.01%.

Insider Buying and Selling

In other EQB news, Director Daniel Broten sold 1,500 shares of the company’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$141.74, for a total transaction of C$212,610.00. Following the sale, the director owned 5,033 shares in the company, valued at C$713,377.42. This represents a 22.96% decrease in their position. Also, insider Gavin Stanley sold 900 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of C$137.37, for a total value of C$123,633.00. Following the completion of the sale, the insider directly owned 2,238 shares in the company, valued at C$307,434.06. This represents a 28.68% decrease in their position. In the last ninety days, insiders have bought 38,100 shares of company stock valued at $5,407,348 and have sold 7,484 shares valued at $1,069,719. Company insiders own 29.02% of the company’s stock.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.