EQB Inc. (TSE:EQB - Get Free Report) has been assigned an average recommendation of "Hold" from the ten ratings firms that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$102.60.
A number of research firms recently issued reports on EQB. BMO Capital Markets lowered their target price on shares of EQB from C$111.00 to C$100.00 in a report on Friday, August 29th. TD Securities lowered their target price on shares of EQB from C$110.00 to C$100.00 and set a "hold" rating for the company in a report on Thursday, August 28th. National Bankshares reduced their price target on shares of EQB from C$104.00 to C$89.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 28th. CIBC reduced their price target on shares of EQB from C$126.00 to C$116.00 and set a "hold" rating on the stock in a research report on Friday, August 29th. Finally, Jefferies Financial Group cut shares of EQB from a "buy" rating to a "hold" rating and reduced their price target for the company from C$119.00 to C$107.00 in a research report on Friday, August 29th.
Get Our Latest Stock Report on EQB
EQB Stock Performance
EQB stock opened at C$89.48 on Tuesday. EQB has a 1 year low of C$85.14 and a 1 year high of C$114.22. The firm has a 50 day moving average price of C$94.22 and a 200 day moving average price of C$95.86. The company has a market cap of C$3.43 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 0.34 and a beta of 1.13.
EQB Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, September 15th. This is an increase from EQB's previous quarterly dividend of $0.53. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.5%. EQB's dividend payout ratio is presently 22.68%.
EQB Company Profile
(
Get Free Report)
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.
Further Reading

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