EQB (TSE:EQB) Given a C$129.00 Price Target at Jefferies Financial Group

Jefferies Financial Group set a C$129.00 target price on EQB (TSE:EQB) in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also weighed in on EQB. BMO Capital Markets upped their target price on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Cormark lowered EQB from a “buy” rating to a “market perform” rating and lowered their target price for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. Raymond James upped their target price on EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a report on Friday, January 10th. CIBC upped their price objective on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Finally, TD Securities downgraded EQB from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$117.00.

EQB Stock Performance

EQB stock opened at C$109.83 on Thursday. The firm has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a fifty-two week low of C$78.24 and a fifty-two week high of C$114.22. The stock’s fifty day moving average is C$105.22 and its two-hundred day moving average is C$102.55.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This is an increase from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 1.78%. EQB’s dividend payout ratio is 19.75%.

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.