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

EQB Inc. (TSE:EQB - Get Free Report) has received an average rating of "Moderate Buy" from the ten analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$119.60.

Several brokerages have 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 report on Thursday, May 22nd. Royal Bank Of Canada decreased their target price on EQB from C$153.00 to C$147.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Desjardins decreased their target price on 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, Jefferies Financial Group decreased their target price on EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st.

EQB Stock Performance

TSE:EQB traded up C$0.37 on Wednesday, hitting C$93.72. 76,075 shares of the stock were exchanged, compared to its average volume of 83,682. The stock has a market capitalization of C$3.63 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a 52 week low of C$85.14 and a 52 week high of C$114.22. The company's 50-day moving average price is C$93.96 and its 200 day moving average price is C$98.71.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, June 13th. This is a boost from EQB's previous quarterly dividend of $0.51. 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.