EQB (TSE:EQB) PT Set at C$110.00 by Desjardins

Key Points

• Desjardins has set a target price of C$110.00 for EQB, indicating a potential upside of 8.13% from the last closing price.
• Analyst ratings for EQB are mixed, with four holding a "hold" rating and six issuing a "buy" rating, leading to an average rating of "Moderate Buy" with a consensus price target of C$118.40.
• EQB's stock is currently priced at C$101.73 and has a market capitalization of C$3.94 billion, reflecting a price-to-earnings ratio of 15.86.

Desjardins set a C$110.00 price objective on EQB (TSE:EQB - Free Report) in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for EQB's Q3 2025 earnings at $2.31 EPS, FY2025 earnings at $10.15 EPS and FY2026 earnings at $12.20 EPS.

A number of other brokerages have also weighed in on EQB. Jefferies Financial Group lifted their price objective on EQB from C$107.00 to C$119.00 in a research report on Wednesday, August 13th. CIBC cut their price target on shares of EQB from C$130.00 to C$126.00 in a report on Thursday, May 22nd. BMO Capital Markets lowered shares of EQB from a "strong-buy" rating to a "hold" rating and decreased their price objective for the stock from C$115.00 to C$111.00 in a report on Tuesday, August 12th. Finally, National Bankshares dropped their target price on shares of EQB from C$117.00 to C$111.00 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$117.70.

EQB Stock Down 1.2%

Shares of EQB stock traded down C$1.22 on Wednesday, hitting C$100.61. The stock had a trading volume of 77,454 shares, compared to its average volume of 85,367. EQB has a one year low of C$85.14 and a one year high of C$114.22. The stock's 50-day simple moving average is C$100.26 and its two-hundred day simple moving average is C$98.04. The stock has a market cap of C$3.89 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from EQB's previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.1%. EQB's payout ratio is presently 29.31%.

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.