EQB Inc. (TSE:EQB) Receives C$102.56 Consensus Price Target from Brokerages

Shares of EQB Inc. (TSE:EQB - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight 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$102.56.

A number of equities research analysts have weighed in on EQB shares. Scotiabank lifted their price target on shares of EQB from C$99.00 to C$111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 20th. Royal Bank of Canada raised their price target on EQB from C$101.00 to C$107.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. TD Securities boosted their price objective on EQB from C$94.00 to C$105.00 and gave the company a "buy" rating in a report on Tuesday, January 9th. Veritas Investment Research reaffirmed a "reduce" rating on shares of EQB in a research report on Friday, March 1st. Finally, National Bank Financial lowered shares of EQB from an "outperform market weight" rating to a "sector perform market weight" rating in a research note on Wednesday, February 28th.

EQB Price Performance

EQB traded up C$1.30 during trading hours on Friday, reaching C$86.03. The company's stock had a trading volume of 101,361 shares, compared to its average volume of 62,480. EQB has a fifty-two week low of C$57.92 and a fifty-two week high of C$97.64. The stock has a market cap of C$3.28 billion, a PE ratio of 9.24, a P/E/G ratio of 0.34 and a beta of 1.67. The business's 50-day moving average is C$86.59 and its 200-day moving average is C$82.78.

EQB (TSE:EQB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The company reported C$2.70 earnings per share (EPS) for the quarter. EQB had a return on equity of 14.70% and a net margin of 39.67%. Analysts expect that EQB will post 11.4900925 EPS for the current year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, March 14th. This is a boost from EQB's previous quarterly dividend of $0.40. EQB's dividend payout ratio (DPR) is presently 18.05%.

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.