EQB Inc. (TSE:EQB) Stock Has Consensus Price Target of C$139.10

by · The Cerbat Gem

EQB Inc. (TSE:EQB – Get Free Report) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$139.10.

Several equities research analysts recently weighed in on EQB shares. Royal Bank Of Canada lifted their price objective on EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. National Bank Financial upped their price objective on shares of EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Scotiabank cut their target price on shares of EQB from C$141.00 to C$135.00 in a research report on Monday, August 31st. Jefferies Financial Group cut their target price on shares of EQB from C$128.00 to C$127.00 in a research report on Thursday, September 3rd. Finally, TD boosted their price target on shares of EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a research report on Friday, August 14th.

View Our Latest Research Report on EQB

Insider Activity at EQB

In related news, insider Loblaw Companies Limited purchased 16,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was purchased at an average cost of C$124.91 per share, with a total value of C$1,998,560.00. Following the completion of the acquisition, the insider directly owned 1,474,100 shares of the company’s stock, valued at approximately C$184,129,831. The trade was a 1.10% increase in their ownership of the stock. Over the last three months, insiders acquired 222,300 shares of company stock valued at $29,036,222 and sold 2,900 shares valued at $432,253. 29.02% of the stock is owned by insiders.

EQB Price Performance

TSE:EQB opened at C$119.33 on Tuesday. The company has a market capitalization of C$5.08 billion, a P/E ratio of -426.18, a P/E/G ratio of 0.34 and a beta of 0.86. The business has a fifty day simple moving average of C$130.58 and a two-hundred day simple moving average of C$125.97. EQB has a 1 year low of C$83.93 and a 1 year high of C$150.32.

EQB (TSE:EQB – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The company reported C$2.12 EPS for the quarter. The firm had revenue of C$393.04 million for the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%. As a group, analysts anticipate that EQB will post 12.60 earnings per share for the current year.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.63 per share. This is an increase from EQB’s previous quarterly dividend of $0.61. This represents a $2.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 15th. EQB’s dividend payout ratio (DPR) is currently -828.57%.

EQB Company Profile

(Get Free Report)

EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country’s seventh largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.

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