Brokerages Set EQB Inc. (TSE:EQB) PT at C$115.50

EQB Inc. (TSE:EQB) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$115.50.

Several research firms have commented on EQB. BMO Capital Markets boosted their price target on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Raymond James upped their price target on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Scotiabank reduced their price target on EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and cut their target price for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Finally, TD Securities downgraded shares of EQB from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th.

EQB Stock Performance

TSE EQB opened at C$112.92 on Friday. The firm has a market cap of C$4.33 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.34 and a beta of 1.59. The firm has a 50 day simple moving average of C$105.01 and a 200-day simple moving average of C$102.10. EQB has a one year low of C$78.24 and a one year high of C$113.35.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.49 per share. This is a positive change from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, December 13th. EQB’s dividend payout ratio (DPR) is currently 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.