EQB Inc. (TSE:EQB) Given Consensus Rating of "Moderate Buy" by Brokerages

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

A number of research firms have commented on EQB. National Bankshares raised their price objective on EQB from C$109.00 to C$117.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Jefferies Financial Group decreased their price target on EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st. Scotiabank cut their price objective on shares of EQB from C$130.00 to C$119.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Desjardins decreased their target price on shares of EQB from C$130.00 to C$126.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Royal Bank of Canada cut their price target on shares of 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 Trading Up 1.7 %

Shares of TSE:EQB traded up C$1.62 on Tuesday, reaching C$97.03. 40,684 shares of the company's stock were exchanged, compared to its average volume of 75,893. EQB has a twelve month low of C$78.24 and a twelve month high of C$114.22. The company has a fifty day moving average of C$94.91 and a 200-day moving average of C$102.05. The company has a market capitalization of C$3.75 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, March 14th. This is a boost 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.