EQB (TSE:EQB) Price Target Lowered to C$91.00 at Raymond James Financial

EQB (TSE:EQB) had its price target cut by Raymond James Financial from C$93.00 to C$91.00 in a report published on Friday morning,BayStreet.CA reports.

Several other research analysts also recently weighed in on EQB. TD Securities cut their price target on EQB from C$105.00 to C$96.00 and set a “hold” rating for the company in a report on Thursday, November 27th. Royal Bank Of Canada dropped their target price on EQB from C$124.00 to C$112.00 and set an “outperform” rating for the company in a research note on Friday, August 29th. Jefferies Financial Group decreased their price target on EQB from C$107.00 to C$93.00 in a research note on Tuesday, November 25th. CIBC lowered their price target on EQB from C$126.00 to C$116.00 and set a “hold” rating for the company in a report on Friday, August 29th. Finally, National Bankshares cut their price objective on shares of EQB from C$104.00 to C$89.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, EQB currently has an average rating of “Hold” and a consensus price target of C$101.00.

EQB Trading Down 1.3%

EQB stock opened at C$96.71 on Friday. The stock has a market cap of C$3.71 billion, a PE ratio of 10.96, a P/E/G ratio of 0.34 and a beta of 0.95. The stock has a 50-day moving average price of C$89.38 and a 200 day moving average price of C$94.59. EQB has a 52 week low of C$83.93 and a 52 week high of C$114.22.

EQB (TSE:EQB) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported C$6.56 EPS for the quarter. EQB had a net margin of 13.04% and a return on equity of 8.52%. On average, equities analysts predict that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, September 15th. This is an increase from EQB’s previous quarterly dividend of $0.53. EQB’s dividend payout ratio (DPR) is presently 22.68%.

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.