EQB (TSE:EQB) Given New C$121.00 Price Target at Raymond James

EQB (TSE:EQB) had its target price increased by Raymond James from C$112.00 to C$121.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

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

EQB Stock Performance

Shares of TSE:EQB opened at C$106.89 on Friday. EQB has a one year low of C$78.24 and a one year high of C$113.20. The stock has a market capitalization of C$4.10 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.34 and a beta of 1.59. The company has a 50-day simple moving average of C$104.57 and a 200-day simple moving average of C$100.83.

EQB Increases Dividend

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