EQB (TSE:EQB) Given a C$130.00 Price Target at Desjardins

Desjardins set a C$130.00 target price on EQB (TSE:EQB) in a research report report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently commented on EQB. Scotiabank cut their target price on shares of EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th. Raymond James upped their price objective on shares of EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets lifted their target price on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. CIBC upped their price target on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Finally, Cormark downgraded EQB from a “buy” rating to a “market perform” rating and reduced their price objective for the stock from C$131.00 to C$110.00 in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, EQB has a consensus rating of “Moderate Buy” and an average price target of C$118.30.

EQB Stock Up 0.1 %

Shares of TSE EQB opened at C$107.38 on Tuesday. EQB has a 12 month low of C$78.24 and a 12 month high of C$114.22. The company has a market cap of C$4.12 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.34 and a beta of 1.59. The business’s 50 day moving average is C$104.60 and its two-hundred day moving average is C$103.19.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.49 dividend. This is a positive change from EQB’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 1.83%. EQB’s payout ratio is currently 19.75%.

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.