EQB Inc. (TSE:EQB) Receives C$106.56 Average Target Price from Brokerages

Shares of EQB Inc. (TSE:EQB) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$106.56.

A number of equities research analysts recently issued reports on the company. CIBC upped their target price on EQB from C$105.00 to C$113.00 in a research note on Friday, September 6th. Scotiabank reduced their target price on EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. TD Securities reduced their target price on EQB from C$112.00 to C$109.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. BMO Capital Markets upped their target price on EQB from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, Cormark reduced their target price on EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th.

EQB Trading Down 0.6 %

TSE EQB opened at C$107.50 on Tuesday. The business’s 50 day moving average is C$103.56 and its two-hundred day moving average is C$95.43. EQB has a 12-month low of C$71.90 and a 12-month high of C$109.64. The stock has a market capitalization of C$4.13 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 0.34 and a beta of 1.59.

EQB (TSE:EQB) last released its quarterly earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.93 by C$0.03. The business had revenue of C$327.24 million for the quarter, compared to analysts’ expectations of C$325.00 million. EQB had a return on equity of 14.70% and a net margin of 39.67%. Equities analysts forecast that EQB will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were given a $0.47 dividend. This is a positive change from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, September 13th. EQB’s dividend payout ratio (DPR) is 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.