EQB (TSE:EQB) Sets New 12-Month Low – Should You Sell?

Shares of EQB Inc. (TSE:EQB) hit a new 52-week low during trading on Monday . The company traded as low as C$0.01 and last traded at C$101.82, with a volume of 52359 shares traded. The stock had previously closed at C$101.10.

Analysts Set New Price Targets

EQB has been the subject of several analyst reports. Royal Bank of Canada dropped their price target on shares of EQB from C$153.00 to C$147.00 and set an “outperform” rating for the company in a research note on Thursday. Jefferies Financial Group set a C$129.00 target price on EQB and gave the stock a “buy” rating in a research note on Thursday, January 30th. Desjardins reduced their target price on EQB from C$130.00 to C$126.00 and set a “buy” rating on the stock in a research report on Thursday. Raymond James increased 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. Finally, CIBC boosted their price objective on shares of EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$122.80.

EQB Trading Down 0.6 %

The company has a fifty day moving average of C$105.31 and a 200-day moving average of C$104.00. The stock has a market cap of C$3.89 billion, a PE ratio of 15.67, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from EQB’s previous quarterly dividend of $0.49. EQB’s dividend payout ratio is currently 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.