EQB (TSE:EQB) Price Target Raised to C$121.00

EQB (TSE:EQB) had its price objective upped by Raymond James from C$112.00 to C$121.00 in a research report report published on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for EQB’s Q1 2025 earnings at $2.93 EPS, Q2 2025 earnings at $3.04 EPS, Q3 2025 earnings at $3.15 EPS, Q4 2025 earnings at $3.25 EPS, Q1 2026 earnings at $3.21 EPS, Q2 2026 earnings at $3.30 EPS, Q3 2026 earnings at $3.41 EPS, Q4 2026 earnings at $3.52 EPS and FY2026 earnings at $13.43 EPS.

Other equities analysts have also issued reports about the stock. TD Securities downgraded shares of EQB from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$126.00 to C$110.00 in a report on Friday, December 6th. CIBC lifted their target price on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. BMO Capital Markets upped their price target on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Scotiabank lowered their price objective on EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. Finally, Cormark cut shares of EQB from a “buy” rating to a “market perform” rating and lowered their target price for the stock from C$131.00 to C$110.00 in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$115.50.

EQB Stock Performance

Shares of TSE:EQB opened at C$106.89 on Friday. The firm has a market cap of C$4.10 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The business has a fifty day moving average of C$104.57 and a 200-day moving average of C$100.94. EQB has a twelve month low of C$78.24 and a twelve month high of C$113.20.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.83%. This is a boost from EQB’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, December 13th. EQB’s payout ratio is presently 19.75%.

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.