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

EQB Inc. (TSE:EQB) has been given an average rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$118.22.

Several research analysts have weighed in on the company. Scotiabank upped their target price on EQB from C$105.00 to C$122.00 in a research report on Friday, February 27th. BMO Capital Markets raised EQB from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$108.00 to C$130.00 in a report on Tuesday, January 20th. TD Securities lowered their price objective on EQB from C$138.00 to C$132.00 in a report on Thursday, February 26th. Jefferies Financial Group increased their price objective on EQB from C$97.00 to C$109.00 in a report on Wednesday, February 11th. Finally, Desjardins increased their price objective on EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a report on Tuesday.

EQB Price Performance

Shares of EQB stock opened at C$120.99 on Friday. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$126.51. The stock’s 50-day moving average is C$115.17 and its two-hundred day moving average is C$105.21. The firm has a market cap of C$4.43 billion, a P/E ratio of 20.20, a PEG ratio of 0.34 and a beta of 0.74.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from EQB’s previous quarterly dividend of $0.57. EQB’s payout ratio is currently 36.06%.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.