EQB (TSE:EQB) Price Target Lowered to C$130.00 at Scotiabank

EQB (TSE:EQB) had its price objective reduced by Scotiabank from C$135.00 to C$130.00 in a report released on Friday morning,BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. Raymond James reduced their price objective on shares of EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. CIBC upped their price objective on shares of EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and cut their price objective for the company from C$126.00 to C$110.00 in a research note on Friday. Cormark cut shares of EQB from a “buy” rating to a “market perform” rating and cut their price objective for the company from C$131.00 to C$110.00 in a research note on Thursday. Finally, BMO Capital Markets upped their price objective on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$113.63.

EQB Stock Down 2.2 %

TSE EQB opened at C$102.10 on Friday. The company’s 50 day moving average is C$107.22 and its 200-day moving average is C$98.44. EQB has a 12-month low of C$77.96 and a 12-month high of C$113.20. The firm has a market cap of C$3.92 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.49 per share. This is a positive change from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, December 13th. EQB’s dividend payout ratio is currently 19.75%.

EQB Company Profile

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.