EQB Inc. (TSE:EQB) Receives C$106.56 Consensus Price Target from Analysts

EQB Inc. (TSE:EQB) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$106.56.

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of EQB from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Scotiabank lowered their target price on EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. CIBC raised their price target on shares of EQB from C$105.00 to C$113.00 in a research report on Friday, September 6th. TD Securities cut their price objective on EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Raymond James reduced their price target on shares of EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st.

EQB Price Performance

Shares of EQB stock opened at C$99.32 on Monday. The company’s 50-day simple moving average is C$96.34 and its two-hundred day simple moving average is C$90.05. The company has a market capitalization of C$3.81 billion, a P/E ratio of 10.67, a P/E/G ratio of 0.34 and a beta of 1.58. EQB has a one year low of C$66.41 and a one year high of C$100.00.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, topping analysts’ consensus estimates of C$2.93 by C$0.03. The company had revenue of C$327.24 million during the quarter, compared to the consensus estimate of C$325.00 million. EQB had a net margin of 39.67% and a return on equity of 14.70%. On average, research analysts expect that EQB will post 12.6726343 EPS for the current fiscal year.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a boost from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, September 13th. EQB’s dividend payout ratio (DPR) is presently 20.19%.

About EQB

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.