EQB Inc. (TSE:EQB) Receives C$122.80 Average Target Price from Analysts

EQB Inc. (TSE:EQB) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$122.80.

EQB has been the topic of a number of recent research reports. Desjardins dropped their price target on EQB from C$130.00 to C$126.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Royal Bank of Canada dropped their target price on shares of EQB from C$153.00 to C$147.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Raymond James boosted their price target on shares of EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Jefferies Financial Group set a C$129.00 price objective on shares of EQB and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, National Bankshares boosted their price objective on shares of EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th.

EQB Stock Down 0.7 %

Shares of TSE:EQB opened at C$88.17 on Friday. The business’s 50 day moving average is C$99.99 and its 200 day moving average is C$103.68. The stock has a market cap of C$3.41 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 52-week low of C$78.24 and a 52-week high of C$114.22.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.51 dividend. This is a positive change from EQB’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, March 14th. EQB’s dividend payout ratio (DPR) is presently 29.31%.

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.