EQB Inc. (TSE:EQB) Receives Consensus Recommendation of "Hold" from Analysts

EQB Inc. (TSE:EQB - Get Free Report) has been assigned an average rating of "Hold" from the eight ratings firms that are currently covering the company, MarketBeat.com reports. 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. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$113.63.

A number of analysts have recently weighed in on the company. TD Securities lowered EQB from a "buy" rating to a "hold" rating and lowered their target price for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Scotiabank lowered their price objective on shares of EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. Cormark downgraded shares of EQB from a "buy" rating to a "market perform" rating and dropped their target price for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th. BMO Capital Markets increased their price target on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Finally, CIBC boosted their price objective on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th.

EQB Stock Up 0.1 %

EQB stock traded up C$0.12 during midday trading on Wednesday, reaching C$98.61. 14,528 shares of the company's stock traded hands, compared to its average volume of 61,904. The company has a 50-day simple moving average of C$105.84 and a two-hundred day simple moving average of C$99.97. EQB has a 1-year low of C$78.24 and a 1-year high of C$113.20. The company has a market cap of C$3.78 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. 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 1.99%. EQB's payout ratio is currently 19.75%.

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.