EQB (TSE:EQB) Given New C$147.00 Price Target at Royal Bank of Canada

EQB (TSE:EQB) had its price objective decreased by Royal Bank of Canada from C$153.00 to C$147.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

EQB has been the topic of several other research reports. Cormark downgraded shares of EQB from a “buy” rating to a “market perform” rating and dropped their price target for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Scotiabank dropped their target price on EQB from C$130.00 to C$119.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Raymond James boosted their price target on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. TD Securities lowered EQB from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Finally, National Bankshares upped their target price on EQB from C$109.00 to C$117.00 and gave the company an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, EQB currently has a consensus rating of “Moderate Buy” and an average price target of C$122.80.

EQB Stock Down 1.9 %

Shares of TSE:EQB opened at C$101.27 on Thursday. The company has a market capitalization of C$3.92 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The company has a 50 day moving average of C$105.27 and a two-hundred day moving average of C$103.91. EQB has a 52-week low of C$78.24 and a 52-week high of C$114.22.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This is a boost from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 1.94%. EQB’s dividend payout ratio (DPR) is 29.31%.

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.