EQB Inc. (TSE:EQB) Receives Average Recommendation of "Moderate Buy" from Brokerages

EQB Inc. (TSE:EQB - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$120.60.

Several equities analysts have recently commented on the stock. National Bankshares increased their price target on shares of EQB from C$109.00 to C$117.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Jefferies Financial Group dropped their price objective on shares of EQB from C$126.00 to C$107.00 in a research note on Monday, April 21st. Scotiabank dropped their price objective on shares of EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Desjardins dropped their price objective on shares of 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. Finally, Raymond James increased their price objective on shares of 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 Performance

Shares of EQB stock opened at C$93.74 on Tuesday. EQB has a one year low of C$78.24 and a one year high of C$114.22. The company's 50-day simple moving average is C$95.41 and its 200-day simple moving average is C$102.38. The stock has a market capitalization of C$3.63 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.18%. This is a positive change from EQB's previous quarterly dividend of $0.49. EQB's dividend payout ratio (DPR) is presently 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.

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