EQB (TSE:EQB) Share Price Passes Below 200-Day Moving Average – Should You Sell?

EQB Inc. (TSE:EQB)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$100.32 and traded as low as C$98.02. EQB shares last traded at C$98.97, with a volume of 29,812 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EQB. Cormark cut EQB from a “buy” rating to a “market perform” rating and decreased their target price for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. BMO Capital Markets increased their target price on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Scotiabank cut their price target on shares of EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th. CIBC increased their price objective on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Finally, TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and cut their price objective for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, EQB currently has an average rating of “Hold” and a consensus target price of C$113.63.

EQB Stock Up 0.6 %

The business has a fifty day moving average of C$104.84 and a 200 day moving average of C$100.31. The firm has a market cap of C$3.80 billion, a P/E ratio of 10.41, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued 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 dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, December 13th. EQB’s dividend payout ratio is 19.75%.

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.