EQB Inc. (TSE:EQB) Receives Average Rating of "Hold" from Brokerages

Shares of EQB Inc. (TSE:EQB - Get Free Report) have earned a consensus rating of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$115.50.

A number of equities research analysts have recently issued reports on EQB shares. Scotiabank cut their target price on shares of EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th. CIBC upped their price objective on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. TD Securities downgraded EQB from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. Raymond James boosted their price target on EQB from C$112.00 to C$121.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Finally, Cormark cut EQB from a "buy" rating to a "market perform" rating and reduced their price objective for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th.

EQB Price Performance

EQB traded down C$1.46 during trading on Friday, hitting C$108.39. The company had a trading volume of 107,018 shares, compared to its average volume of 75,965. 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$4.16 billion, a PE ratio of 11.39, a P/E/G ratio of 0.34 and a beta of 1.59. The business has a 50-day moving average of C$104.71 and a 200-day moving average of C$101.58.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.81%. This is a boost from EQB's previous quarterly dividend of $0.47. The ex-dividend date was Friday, December 13th. EQB's dividend payout ratio (DPR) is presently 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.