EQB Inc. (TSE:EQB - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$99.77 and traded as low as C$91.41. EQB shares last traded at C$92.78, with a volume of 73,225 shares.
Analysts Set New Price Targets
Several research analysts have commented on the stock. CIBC decreased their target price on shares of EQB from C$130.00 to C$126.00 in a report on Thursday, May 22nd. Jefferies Financial Group decreased their price objective on shares of EQB from C$126.00 to C$107.00 in a research note on Monday, April 21st. Royal Bank of Canada cut their target price on shares of EQB from C$153.00 to C$147.00 and set an "outperform" rating on the stock in a research note 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. Finally, Scotiabank lowered their price target on EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$119.60.
Get Our Latest Report on EQB
EQB Price Performance
The business has a 50 day simple moving average of C$93.55 and a 200 day simple moving average of C$99.77. The stock has a market cap of C$3.60 billion, a PE ratio of 14.51, a P/E/G ratio of 0.34 and a beta of 1.59.
EQB Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.28%. This is an increase from EQB's previous quarterly dividend of $0.51. The ex-dividend date is Friday, June 13th. EQB's payout ratio is currently 29.31%.
About EQB
(
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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.
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