EQB Inc. (TSE:EQB) Receives C$115.50 Average Price Target from Analysts

EQB Inc. (TSE:EQB) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$115.50.

A number of research analysts have weighed in on EQB shares. BMO Capital Markets boosted their price objective on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. CIBC boosted their price objective on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Scotiabank cut their price target on shares of EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. Raymond James upped their price target on shares of EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and cut their price target for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th.

EQB Stock Down 0.4 %

EQB stock opened at C$110.23 on Friday. EQB has a twelve month low of C$78.24 and a twelve month high of C$113.20. The stock has a market capitalization of C$4.23 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The firm’s fifty day simple moving average is C$104.82 and its two-hundred day simple moving average is C$101.79.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis 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.