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

EQB Inc. (TSE:EQB - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$119.60.

A number of analysts have recently commented on EQB shares. National Bankshares dropped 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 note on Thursday, May 22nd. CIBC dropped their price target on shares of EQB from C$130.00 to C$126.00 in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group cut their price target on shares of EQB from C$126.00 to C$107.00 in a report on Monday, April 21st.

EQB Stock Performance

Shares of TSE:EQB traded down C$0.20 during trading hours on Friday, hitting C$100.87. The stock had a trading volume of 46,544 shares, compared to its average volume of 86,622. EQB has a 1-year low of C$85.14 and a 1-year high of C$114.22. The firm has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.34 and a beta of 1.59. The stock's fifty day simple moving average is C$96.41 and its 200 day simple moving average is C$98.78.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.10%. This is an increase from EQB's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, June 13th. EQB's dividend payout ratio 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.