EQB Inc. (TSE:EQB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of EQB Inc. (TSE:EQB) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$122.80.

Several equities analysts have recently weighed in on the stock. Desjardins decreased their price target on shares of EQB from C$130.00 to C$126.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and decreased their target price for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th. TD Securities lowered EQB from a “buy” rating to a “hold” rating and dropped their price target for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. 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. Finally, National Bankshares lifted their price target on EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th.

EQB Stock Performance

Shares of EQB opened at C$94.50 on Monday. The stock has a 50 day moving average price of C$105.05 and a 200 day moving average price of C$103.98. The stock has a market capitalization of C$3.66 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.34 and a beta of 1.59. EQB has a one year low of C$78.24 and a one year high of C$114.22.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This is a boost from EQB’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.16%. EQB’s dividend payout ratio (DPR) is currently 29.31%.

EQB Company Profile

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.