EQB Inc. (TSE:EQB) Stock Has Consensus Price Target of C$139.10 According to Analysts

EQB Inc. (TSE:EQB) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$139.10.

A number of equities research analysts have commented on the stock. Desjardins dropped their price objective on shares of EQB from C$155.00 to C$150.00 and set a “buy” rating on the stock in a research report on Friday, August 28th. Canadian Imperial Bank of Commerce cut their price target on EQB from C$165.00 to C$154.00 and set an “outperformer” rating for the company in a research note on Friday, August 28th. Raymond James Financial downgraded shares of EQB from a “hold” rating to a “strong sell” rating and reduced their price objective for the company from C$136.00 to C$120.00 in a research report on Friday, August 28th. TD lifted their price target on shares of EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Scotiabank cut their target price on shares of EQB from C$141.00 to C$135.00 in a research report on Monday, August 31st.

EQB Stock Up 0.0%

EQB stock opened at C$118.87 on Tuesday. The business has a fifty day moving average of C$131.03 and a two-hundred day moving average of C$126.02. The stock has a market cap of C$5.06 billion, a price-to-earnings ratio of -424.54, a price-to-earnings-growth ratio of 0.34 and a beta of 0.86. EQB has a 52-week low of C$83.93 and a 52-week high of C$150.32.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, August 26th. The company reported C$2.12 EPS for the quarter. EQB had a negative net margin of 0.08% and a negative return on equity of 0.07%. The firm had revenue of C$393.04 million for the quarter. As a group, sell-side analysts anticipate that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a $0.63 dividend. This is a positive change from EQB’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, September 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.1%. EQB’s payout ratio is currently -828.57%.

Insider Activity

In other news, insider Loblaw Companies Limited bought 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average price of C$124.91 per share, for a total transaction of C$1,998,560.00. Following the completion of the transaction, the insider owned 1,474,100 shares in the company, valued at C$184,129,831. The trade was a 1.10% increase in their ownership of the stock. Over the last quarter, insiders have purchased 222,300 shares of company stock worth $29,036,222 and have sold 2,900 shares worth $432,253. Insiders own 29.02% of the company’s stock.

EQB Company Profile

EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country’s seventh largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.