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

EQB Inc. (TSE:EQB) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$122.80.

Several equities analysts have recently weighed in on the company. Raymond James raised their target price on EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Jefferies Financial Group set a C$129.00 target price on shares of EQB and gave the stock a “buy” rating in a research note on Thursday, January 30th. Scotiabank cut their price target on EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. National Bankshares lifted their price objective on EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their target price on EQB from C$153.00 to C$147.00 and set an “outperform” rating for the company in a report on Thursday, February 27th.

EQB Stock Performance

EQB stock opened at C$90.97 on Friday. EQB has a one year low of C$78.24 and a one year high of C$114.22. The firm’s fifty day moving average is C$101.36 and its 200 day moving average is C$103.96. The firm has a market cap of C$3.52 billion, a PE ratio of 14.18, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.24%. 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 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.