EQB (TSE:EQB) Shares Cross Below 200-Day Moving Average - Time to Sell?

EQB Inc. (TSE:EQB - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$101.48 and traded as low as C$97.02. EQB shares last traded at C$97.26, with a volume of 27,666 shares changing hands.

Analyst Ratings Changes

Several brokerages recently commented on EQB. Jefferies Financial Group cut their price target on shares of EQB from C$126.00 to C$107.00 in a research note on Monday, April 21st. 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. Royal Bank of Canada dropped their price target on 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. National Bankshares lifted their price target on EQB from C$109.00 to C$117.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, Scotiabank cut their target price on shares of EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$120.60.

EQB Stock Down 1.4%

The stock has a market cap of C$3.70 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The stock has a fifty day moving average of C$94.32 and a two-hundred day moving average of C$101.22.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a $0.51 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from EQB's previous quarterly dividend of $0.49. EQB's dividend payout ratio is currently 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.