Analysts Set EQB Inc. (TSE:EQB) Price Target at C$119.60

Shares of EQB Inc. (TSE:EQB) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$119.60.

Several research firms have issued reports on EQB. Jefferies Financial Group cut their price objective on EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st. National Bankshares cut their price objective on EQB from C$117.00 to C$111.00 and set a “sector perform” rating for the company in a research report on Thursday, May 22nd. Finally, CIBC cut their price objective on EQB from C$130.00 to C$126.00 in a research report on Thursday, May 22nd.

EQB Stock Performance

TSE:EQB opened at C$101.07 on Friday. The stock has a fifty day moving average price of C$96.41 and a two-hundred day moving average price of C$98.78. The stock has a market capitalization of C$3.91 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 1 year low of C$85.14 and a 1 year high of C$114.22.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from EQB’s previous quarterly dividend of $0.51. EQB’s payout ratio is 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.