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

Shares of EQB Inc. (TSE:EQB - Get Free Report) have been given an average rating of "Moderate Buy" by the ten brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on 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.

A number of research firms have weighed in on EQB. CIBC decreased their price target on EQB from C$130.00 to C$126.00 in a research note on Thursday, May 22nd. Scotiabank decreased their price target on EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group lowered their price target on EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. National Bankshares reduced their price objective on EQB from C$117.00 to C$111.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 22nd. Finally, Desjardins cut their price target 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.

EQB Trading Up 2.0%

Shares of TSE:EQB traded up C$1.90 during mid-day trading on Friday, reaching C$99.15. The stock had a trading volume of 54,750 shares, compared to its average volume of 74,706. The firm has a market cap of C$3.84 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The firm has a 50 day simple moving average of C$94.37 and a two-hundred day simple moving average of C$100.74. EQB has a twelve month low of C$78.24 and a twelve month high of C$114.22.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.51 dividend. This is a positive change from EQB's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.06%. 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.