EQB (TSE:EQB) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of EQB (TSE:EQB) from a hold rating to an outperform rating in a research note released on Tuesday, Marketbeat Ratings reports. BMO Capital Markets currently has C$130.00 price objective on the stock, up from their previous price objective of C$108.00.

Other equities analysts have also issued research reports about the stock. Desjardins lifted their price target on shares of EQB from C$107.00 to C$110.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Veritas upgraded shares of EQB to a “hold” rating in a research note on Monday, December 1st. TD Securities boosted their target price on shares of EQB from C$96.00 to C$103.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Jefferies Financial Group decreased their price target on shares of EQB from C$107.00 to C$93.00 in a report on Tuesday, November 25th. Finally, Raymond James Financial lowered their price target on EQB from C$93.00 to C$91.00 in a research report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$105.44.

EQB Price Performance

Shares of TSE:EQB opened at C$108.24 on Tuesday. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$114.22. The business has a 50-day moving average of C$97.70 and a two-hundred day moving average of C$96.26. The stock has a market capitalization of C$4.04 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.34 and a beta of 0.94.

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

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.57 dividend. The ex-dividend date was Monday, December 15th. This is a boost from EQB’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 2.1%. EQB’s dividend payout ratio is 31.28%.

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.