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

Shares of EQB Inc. (TSE:EQB - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten research firms that are presently covering the firm, MarketBeat reports. Three 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 brokerages that have covered the stock in the last year is C$119.60.

A number of research firms have recently weighed in on EQB. National Bankshares dropped 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 note on Thursday, May 22nd. Jefferies Financial Group decreased their price objective on EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. Desjardins reduced their price target on shares of EQB from C$130.00 to C$126.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. CIBC decreased their target price on EQB from C$130.00 to C$126.00 in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada decreased their target price on shares of EQB from C$153.00 to C$147.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th.

EQB Trading Up 0.4%

Shares of TSE EQB traded up C$0.34 during midday trading on Friday, hitting C$97.25. 78,886 shares of the company's stock were exchanged, compared to its average volume of 74,950. The company has a market cap of C$3.76 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.34 and a beta of 1.59. The business's fifty day moving average price is C$94.33 and its two-hundred day moving average price is C$100.81. EQB has a 12-month low of C$78.24 and a 12-month high of C$114.22.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a dividend of $0.51 per share. This is a positive change from EQB's previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, March 14th. 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.