Shares of EQB Inc. (TSE:EQB - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$100.32 and traded as low as C$98.02. EQB shares last traded at C$98.97, with a volume of 29,812 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. CIBC lifted their target price on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. TD Securities downgraded shares of EQB from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. Cormark lowered shares of EQB from a "buy" rating to a "market perform" rating and cut their target price for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Scotiabank decreased their price target on shares of EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. Finally, BMO Capital Markets increased their price objective on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$113.63.
Check Out Our Latest Report on EQB
EQB Trading Down 0.5 %
The firm's 50-day simple moving average is C$105.02 and its two-hundred day simple moving average is C$100.32. The stock has a market capitalization of C$3.78 billion, a PE ratio of 10.35, a PEG ratio of 0.34 and a beta of 1.59.
EQB Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.49 dividend. This is an increase from EQB's previous quarterly dividend of $0.47. The ex-dividend date was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.99%. EQB's dividend payout ratio is currently 19.75%.
EQB Company Profile
(
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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