Desjardins Reiterates C$130.00 Price Target for EQB (TSE:EQB)

Desjardins set a C$130.00 price objective on EQB (TSE:EQB) in a research note published on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for EQB’s Q1 2025 earnings at $2.78 EPS, Q2 2025 earnings at $2.76 EPS, Q3 2025 earnings at $3.25 EPS, Q4 2025 earnings at $3.26 EPS, FY2025 earnings at $12.05 EPS and FY2026 earnings at $13.75 EPS.

Several other analysts also recently issued reports on EQB. Jefferies Financial Group set a C$129.00 price objective on shares of EQB and gave the stock a “buy” rating in a report on Thursday, January 30th. Cormark downgraded shares of EQB from a “buy” rating to a “market perform” rating and reduced their price target for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. BMO Capital Markets increased their price target on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Raymond James increased their price target on shares of EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, CIBC increased their price target on shares of EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$118.30.

EQB Trading Up 0.3 %

TSE EQB opened at C$106.29 on Tuesday. The company has a fifty day simple moving average of C$104.57 and a 200 day simple moving average of C$103.28. The company has a market cap of C$4.11 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.84%. This is an increase from EQB’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, December 13th. EQB’s dividend payout ratio (DPR) is presently 29.31%.

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.