Brokerages Set EQB Inc. (TSE:EQB) PT at C$101.78

EQB Inc. (TSE:EQB) has been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$101.78.

A number of equities research analysts have recently commented on the company. Desjardins lifted their target price on EQB from C$107.00 to C$110.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Jefferies Financial Group lowered their price objective on shares of EQB from C$107.00 to C$93.00 in a research report on Tuesday, November 25th. TD Securities boosted their target price on shares of EQB from C$96.00 to C$103.00 and gave the company a “hold” rating in a research note on Friday, December 5th. Veritas upgraded shares of EQB to a “hold” rating in a research note on Monday, December 1st. Finally, BMO Capital Markets lifted their price target on shares of EQB from C$100.00 to C$108.00 and gave the stock a “market perform” rating in a report on Friday, October 24th.

EQB Stock Down 1.8%

EQB stock opened at C$102.39 on Friday. The firm has a market cap of C$3.85 billion, a PE ratio of 15.40, a P/E/G ratio of 0.34 and a beta of 0.94. The business has a 50 day moving average of C$93.85 and a 200-day moving average of C$95.84. EQB has a 12-month low of C$83.93 and a 12-month high of C$114.22.

EQB (TSE:EQB) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported C$6.56 earnings per share for the quarter. EQB had a return on equity of 8.52% and a net margin of 13.04%. On average, research analysts expect that EQB will post 12.5988235 earnings per share for the current year.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.57 dividend. The ex-dividend date was Monday, December 15th. This is a boost from EQB’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 2.2%. EQB’s dividend payout ratio is presently 31.28%.

About EQB

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.