EQB (TSE:EQB - Free Report) had its price objective cut by Royal Bank of Canada from C$153.00 to C$147.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other research analysts have also issued reports on EQB. Desjardins dropped their target price on EQB from C$130.00 to C$126.00 and set a "buy" rating on the stock in a report on Thursday. Cormark lowered EQB from a "buy" rating to a "market perform" rating and dropped their target price for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. TD Securities lowered EQB from a "buy" rating to a "hold" rating and dropped their price objective for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. Jefferies Financial Group set a C$129.00 price objective on EQB and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, National Bankshares upped their price objective on EQB from C$109.00 to C$117.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, EQB currently has an average rating of "Moderate Buy" and a consensus price target of C$122.80.
Read Our Latest Analysis on EQB
EQB Price Performance
Shares of TSE:EQB traded down C$0.58 during trading on Thursday, reaching C$100.52. The company had a trading volume of 84,201 shares, compared to its average volume of 65,803. The firm has a market capitalization of C$3.89 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The stock's fifty day moving average price is C$105.31 and its 200 day moving average price is C$104.00. EQB has a fifty-two week low of C$78.24 and a fifty-two week high of C$114.22.
EQB Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a $0.51 dividend. This is a positive change from EQB's previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.03%. EQB's dividend payout ratio is 29.31%.
About EQB
(
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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.
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