EQB Inc. (TSE:EQB) Given Average 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 ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$119.60.

EQB has been the topic of a number of analyst reports. Royal Bank of Canada dropped their target price on EQB from C$153.00 to C$147.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Jefferies Financial Group dropped their target price on EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. Desjardins dropped their price target on EQB from C$130.00 to C$126.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. National Bankshares lowered their price target on shares of EQB from C$117.00 to C$111.00 and set a "sector perform" rating on the stock in a report on Thursday, May 22nd. Finally, Scotiabank decreased 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 report on Thursday, February 20th.

EQB Trading Down 7.4%

TSE:EQB traded down C$7.38 during mid-day trading on Friday, hitting C$91.80. The company had a trading volume of 481,720 shares, compared to its average volume of 79,351. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22. The firm has a market capitalization of C$3.55 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 0.34 and a beta of 1.59. The business has a fifty day simple moving average of C$94.34 and a 200-day simple moving average of C$100.67.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a dividend of $0.51 per share. This is a boost from EQB's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Friday, March 14th. 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.