EQB Inc. (TSE:EQB - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Royal Bank of Canada cut their price target 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 cut their price target on shares of EQB from C$130.00 to C$126.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. National Bankshares boosted their price objective on shares of EQB from C$109.00 to C$117.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Scotiabank cut their price objective on shares of EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, Jefferies Financial Group cut their price objective on shares of EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$120.60.
Check Out Our Latest Stock Report on EQB
EQB Stock Down 0.1%
The firm has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 0.34 and a beta of 1.59. The stock's fifty day moving average is C$94.22 and its two-hundred day moving average is C$101.48.
EQB Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.10%. This is an increase from EQB's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. EQB's payout ratio is presently 29.31%.
About EQB
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider EQB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQB wasn't on the list.
While EQB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
