EQB Inc. (TSE:EQB) Receives C$122.80 Average Price Target from Brokerages

EQB Inc. (TSE:EQB) has been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$122.80.

EQB has been the topic of several analyst reports. BMO Capital Markets upped their target price on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Desjardins dropped their price objective on EQB from C$130.00 to C$126.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. CIBC increased their price objective on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. National Bankshares lifted their target price on EQB from C$109.00 to C$117.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Finally, TD Securities downgraded shares of EQB from a “buy” rating to a “hold” rating and cut their target price for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th.

EQB Trading Up 0.8 %

EQB opened at C$95.43 on Monday. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22. The stock has a market cap of C$3.69 billion, a PE ratio of 14.88, a P/E/G ratio of 0.34 and a beta of 1.59. The stock’s 50 day simple moving average is C$105.22 and its 200-day simple moving average is C$104.07.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a $0.51 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.14%. This is a boost from EQB’s previous quarterly dividend of $0.49. EQB’s dividend payout ratio is presently 29.31%.

About EQB

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.