EQB Inc. (TSE:EQB) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of EQB Inc. (TSE:EQB - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$118.30.

Several equities research analysts have weighed in on the company. Jefferies Financial Group set a C$129.00 price objective on EQB and gave the stock a "buy" rating in a research note on Thursday, January 30th. Scotiabank decreased their price target on EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. TD Securities downgraded EQB from a "buy" rating to a "hold" rating and lowered their price target for the stock from C$126.00 to C$110.00 in a research report on Friday, December 6th. BMO Capital Markets boosted their price objective on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Finally, Desjardins set a C$130.00 target price on shares of EQB and gave the stock a "buy" rating in a report on Tuesday, February 11th.

EQB Price Performance

Shares of EQB stock traded up C$0.09 during trading hours on Thursday, reaching C$106.38. The company's stock had a trading volume of 35,874 shares, compared to its average volume of 61,449. The firm has a 50 day moving average price of C$104.65 and a 200-day moving average price of C$103.39. The stock has a market cap of C$4.12 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a one year low of C$78.24 and a one year high of C$114.22.

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 given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from EQB's previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.84%. EQB's dividend payout ratio (DPR) is 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.