EQB Inc. (TSE:EQB) Given Average Rating of “Moderate Buy” by Analysts

EQB Inc. (TSE:EQB) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. Two 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 brokerages that have issued ratings on the stock in the last year is C$122.80.

A number of research firms have recently commented on EQB. Desjardins reduced their target price on shares of 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. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and dropped their price target for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th. TD Securities lowered shares of EQB from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th. 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, February 27th. Finally, Scotiabank dropped their price target on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th.

EQB Trading Down 0.3 %

TSE EQB opened at C$98.57 on Monday. The company’s fifty day simple moving average is C$105.34 and its 200-day simple moving average is C$104.07. EQB has a 52 week low of C$78.24 and a 52 week high of C$114.22. The stock has a market cap of C$3.81 billion, a P/E ratio of 15.37, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.51 per share. This is a positive change from EQB’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.07%. EQB’s payout ratio is presently 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.