Analysts Set EQB Inc. (TSE:EQB) PT at C$122.50

Shares of EQB Inc. (TSE:EQB) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$122.50.

Several brokerages have recently weighed in on EQB. Jefferies Financial Group increased their price objective on shares of EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. Scotiabank boosted their target price on shares of EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. National Bank Financial set a C$120.00 price target on shares of EQB and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Desjardins increased their price target on shares of EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Raymond James Financial cut their price target on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th.

Insiders Place Their Bets

In related news, Director Darren Lorimer sold 1,850 shares of EQB stock in a transaction on Thursday, July 16th. The stock was sold at an average price of C$149.00, for a total value of C$275,650.00. Following the transaction, the director owned 5,138 shares in the company, valued at approximately C$765,562. This trade represents a 26.47% decrease in their ownership of the stock. Also, insider Gavin Stanley sold 900 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of C$137.37, for a total value of C$123,633.00. Following the sale, the insider directly owned 2,238 shares of the company’s stock, valued at approximately C$307,434.06. This trade represents a 28.68% decrease in their position. In the last ninety days, insiders bought 22,100 shares of company stock worth $3,167,188 and sold 7,484 shares worth $1,069,719. Corporate insiders own 29.02% of the company’s stock.

EQB Stock Down 2.1%

Shares of TSE:EQB opened at C$140.47 on Thursday. The company has a market cap of C$4.98 billion, a P/E ratio of 27.60, a P/E/G ratio of 0.34 and a beta of 0.93. The business has a fifty day simple moving average of C$128.81 and a 200-day simple moving average of C$119.02. EQB has a 52 week low of C$83.93 and a 52 week high of C$150.32.

EQB (TSE:EQB) last released its earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share for the quarter. The firm had revenue of C$302.36 million for the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%. Sell-side analysts expect that EQB will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.61 dividend. This is an increase from EQB’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.44 annualized dividend and a dividend yield of 1.7%. EQB’s dividend payout ratio is 44.01%.

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. 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.