EQB Inc. (TSE:EQB) Given Consensus Rating of “Hold” by Analysts

EQB Inc. (TSE:EQB) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$115.50.

EQB has been the topic of a number of recent research reports. CIBC boosted their price target on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Cormark lowered EQB from a “buy” rating to a “market perform” rating and dropped their price target for the company from C$131.00 to C$110.00 in a research report on Thursday, December 5th. BMO Capital Markets increased their price target on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. TD Securities lowered EQB from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th. Finally, Raymond James raised their target price on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th.

EQB Stock Up 1.0 %

Shares of EQB opened at C$112.92 on Friday. EQB has a 52-week low of C$78.24 and a 52-week high of C$113.35. The stock has a market cap of C$4.33 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The firm’s fifty day moving average is C$105.01 and its two-hundred day moving average is C$102.10.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This is a boost from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.74%. EQB’s dividend payout ratio (DPR) is currently 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.