EQB Inc. (TSE:EQB - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$104.02 and traded as low as C$94.81. EQB shares last traded at C$96.18, with a volume of 76,009 shares trading hands.
Analysts Set New Price Targets
EQB has been the topic of a number of analyst reports. Scotiabank dropped their price target on EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. TD Securities lowered shares of EQB from a "buy" rating to a "hold" rating and cut their price target for the company from C$126.00 to C$110.00 in a report on Friday, December 6th. CIBC upped their price target on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. National Bankshares lifted their price objective on shares of EQB from C$109.00 to C$117.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada decreased their target price on EQB from C$153.00 to C$147.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, EQB currently has a consensus rating of "Moderate Buy" and a consensus price target of C$122.80.
Read Our Latest Research Report on EQB
EQB Price Performance
The firm has a market capitalization of C$3.69 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The company has a fifty day moving average of C$103.95 and a 200-day moving average of C$103.96.
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 paid a $0.51 dividend. This is a boost from EQB's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.14%. EQB's payout ratio is presently 29.31%.
About EQB
(
Get Free Report)
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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