EQB (TSE:EQB) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Shares of EQB Inc. (TSE:EQB - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$102.38 and traded as low as C$92.54. EQB shares last traded at C$93.74, with a volume of 48,674 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Scotiabank decreased their price objective on shares of EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Desjardins decreased their price objective on shares of 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. Jefferies Financial Group reduced their price target on shares of EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st. Royal Bank of Canada reduced 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. Finally, Raymond James increased their price target 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, EQB presently has an average rating of "Moderate Buy" and an average price target of C$120.60.

EQB Stock Up 0.8 %

The company has a market cap of C$3.63 billion, a P/E ratio of 14.61, a PEG ratio of 0.34 and a beta of 1.59. The firm has a 50 day moving average of C$95.41 and a 200-day moving average of C$102.38.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, March 14th. This is a positive change from EQB's previous quarterly dividend of $0.49. EQB's dividend payout ratio is currently 29.31%.

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.

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