EQB Inc. (TSE:EQB) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• EQB Inc. has received an average rating of "Moderate Buy" from ten analysts, with three holding and seven recommending buy ratings on the stock.
• The average 1-year target price for EQB is set at C$119.60, despite some brokerages recently lowering their price targets.
• EQB has increased its quarterly dividend from $0.51 to $0.53 per share, reflecting a dividend yield of 2.0%.

Shares of EQB Inc. (TSE:EQB - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$119.60.

Several brokerages have weighed in on EQB. Jefferies Financial Group lowered their target price on shares of EQB from C$126.00 to C$107.00 in a research note on Monday, April 21st. National Bankshares dropped their target price on EQB from C$117.00 to C$111.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 22nd. Finally, CIBC reduced their target price on EQB from C$130.00 to C$126.00 in a research report on Thursday, May 22nd.

EQB Price Performance

Shares of TSE:EQB traded down C$0.28 during trading hours on Thursday, hitting C$101.63. The company's stock had a trading volume of 49,156 shares, compared to its average volume of 85,288. The firm's fifty day moving average price is C$99.12 and its 200 day moving average price is C$98.53. EQB has a 52 week low of C$85.14 and a 52 week high of C$114.22. The company has a market capitalization of C$3.93 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from EQB's previous quarterly dividend of $0.51. The ex-dividend date was Friday, June 13th. EQB's dividend payout ratio (DPR) is currently 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.