EQB Inc. (TSE:EQB) Receives Average Recommendation of "Moderate Buy" from Analysts

EQB Inc. (TSE:EQB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$122.80.

A number of research analysts have recently commented on EQB shares. Cormark lowered EQB from a "buy" rating to a "market perform" rating and cut their price target for the stock from C$131.00 to C$110.00 in a report on Thursday, December 5th. Royal Bank of Canada decreased their price target on shares of EQB from C$153.00 to C$147.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Raymond James upped their price objective on shares of EQB from C$112.00 to C$121.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Desjardins decreased their target price on 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. Finally, CIBC upped their price target on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th.

EQB Price Performance

TSE:EQB traded down C$1.61 during midday trading on Monday, reaching C$93.82. The stock had a trading volume of 108,267 shares, compared to its average volume of 74,129. The stock has a market capitalization of C$3.63 billion, a P/E ratio of 14.63, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 1-year low of C$78.24 and a 1-year high of C$114.22. The firm's fifty day simple moving average is C$105.15 and its 200-day simple moving average is C$104.05.

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EQB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a dividend of $0.51 per share. This is an increase from EQB's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, March 14th. EQB's dividend payout ratio (DPR) is currently 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.