Brokerages Set EQB Inc. (TSE:EQB) Target Price at C$101.78

EQB Inc. (TSE:EQB) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$101.78.

Several research analysts have issued reports on EQB shares. Scotiabank upgraded EQB to a “hold” rating in a research report on Monday, December 22nd. BMO Capital Markets upped their price target on shares of EQB from C$100.00 to C$108.00 and gave the stock a “market perform” rating in a research note on Friday, October 24th. TD Securities raised their price objective on shares of EQB from C$96.00 to C$103.00 and gave the company a “hold” rating in a research note on Friday, December 5th. Raymond James Financial lowered their target price on shares of EQB from C$93.00 to C$91.00 in a research report on Friday, December 5th. Finally, Veritas raised shares of EQB to a “hold” rating in a report on Monday, December 1st.

EQB Stock Up 2.0%

Shares of TSE:EQB opened at C$103.83 on Friday. EQB has a 52 week low of C$83.93 and a 52 week high of C$114.22. The company has a 50-day moving average price of C$94.45 and a 200 day moving average price of C$95.93. The company has a market cap of C$3.87 billion, a P/E ratio of 15.61, a PEG ratio of 0.34 and a beta of 0.94.

EQB (TSE:EQB) last released its earnings results on Wednesday, December 3rd. The company reported C$6.56 earnings per share (EPS) for the quarter. EQB had a return on equity of 8.52% and a net margin of 13.04%. Analysts expect that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from EQB’s previous quarterly dividend of $0.55. EQB’s dividend payout ratio (DPR) is 31.28%.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.