Key Points
- Loblaw Companies Limited acquired 8,000 EQB shares at an average price of C$137.62, investing approximately C$1.10 million and increasing its ownership by 0.60% to 1.346 million shares.
- EQB shares opened at C$140.01, with a market capitalization of about C$4.96 billion, a 12-month trading range of C$83.93–C$150.32, and a 1.7% annualized dividend yield following a recent dividend increase.
- Analysts hold a mixed view: five rate EQB a Buy and six rate it Hold, producing an overall “Hold” consensus and an average target price of C$124.80.
EQB Inc. (TSE:EQB - Get Free Report) insider Loblaw Companies Limited acquired 8,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost of C$137.62 per share, for a total transaction of C$1,100,960.00. Following the purchase, the insider owned 1,346,100 shares of the company's stock, valued at approximately C$185,250,282. The trade was a 0.60% increase in their ownership of the stock.
Loblaw Companies Limited also recently made the following trade(s):
- On Tuesday, August 4th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were bought at an average price of C$142.40 per share, with a total value of C$1,139,200.00.
- On Wednesday, July 15th, Loblaw Companies Limited bought 6,100 shares of EQB stock. The stock was purchased at an average cost of C$143.88 per share, with a total value of C$877,668.00.
- On Friday, July 17th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was purchased at an average cost of C$144.62 per share, with a total value of C$1,156,960.00.
- On Monday, July 20th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was purchased at an average price of C$141.57 per share, for a total transaction of C$1,132,560.00.
EQB Price Performance
EQB stock opened at C$140.01 on Friday. EQB Inc. has a 12-month low of C$83.93 and a 12-month high of C$150.32. The stock has a market capitalization of C$4.96 billion, a P/E ratio of 27.51, a P/E/G ratio of 0.34 and a beta of 0.92. The firm's 50-day moving average is C$132.01 and its two-hundred day moving average is C$120.69.
EQB (TSE:EQB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. The business had revenue of C$302.36 million during the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. As a group, analysts forecast that EQB Inc. will post 12.5988235 EPS for the current year.
EQB Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.7%. This is an increase from EQB's previous quarterly dividend of $0.59. The ex-dividend date was Monday, June 15th. EQB's dividend payout ratio (DPR) is 44.01%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on EQB. Scotiabank boosted their price target on EQB from C$122.00 to C$125.00 and gave the company a "sector perform" rating in a report on Monday, June 1st. Jefferies Financial Group increased their price target on EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. TD decreased their price objective on EQB from C$132.00 to C$123.00 and set a "buy" rating on the stock in a report on Thursday, May 28th. Desjardins lifted their price objective on EQB from C$132.00 to C$155.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, National Bank Financial set a C$120.00 target price on EQB and gave the company a "sector perform" rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, EQB currently has an average rating of "Hold" and a consensus target price of C$124.80.
Get Our Latest Analysis on EQB
EQB Company Profile
(
Get Free Report)
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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.
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