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

Shares of EQB Inc. (TSE:EQB) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$118.30.

A number of research analysts have issued reports on EQB shares. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Scotiabank reduced their price objective on EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th. Jefferies Financial Group set a C$129.00 price target on EQB and gave the stock a “buy” rating in a research note on Thursday, January 30th. 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 research note on Friday, January 10th. Finally, CIBC increased their price target on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th.

EQB Price Performance

Shares of TSE:EQB opened at C$106.00 on Thursday. The company has a market capitalization of C$4.10 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The business has a fifty day moving average price of C$104.96 and a two-hundred day moving average price of C$103.63. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 1.85%. This is a boost from EQB’s previous quarterly dividend of $0.47. 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.