Scotiabank Boosts EQB (TSE:EQB) Price Target to C$82.00

EQB (TSE:EQBGet Rating) had its target price hoisted by Scotiabank from C$79.00 to C$82.00 in a report issued on Tuesday morning, BayStreet.CA reports.

Several other brokerages have also recently commented on EQB. Royal Bank of Canada boosted their price objective on shares of EQB from C$69.00 to C$70.00 and gave the company an outperform rating in a research note on Thursday, November 10th. National Bankshares reduced their price target on shares of EQB from C$73.00 to C$68.00 in a research report on Tuesday, October 25th. Cormark increased their price objective on EQB from C$67.00 to C$69.00 in a research report on Wednesday, November 9th. BMO Capital Markets dropped their price objective on EQB from C$91.00 to C$88.00 in a research note on Thursday, August 11th. Finally, Keefe, Bruyette & Woods upped their target price on EQB from C$88.00 to C$89.00 in a research note on Friday, September 2nd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of C$71.78.

EQB Stock Performance

TSE:EQB opened at C$57.43 on Tuesday. EQB has a 52-week low of C$44.81 and a 52-week high of C$82.21. The business’s fifty day moving average is C$49.07 and its 200 day moving average is C$53.63. The firm has a market cap of C$2.15 billion and a price-to-earnings ratio of 6.61.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This is a positive change from EQB’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 2.30%. EQB’s payout ratio is 15.19%.

About EQB

(Get Rating)

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, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions.

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