EQB Inc. (TSE:EQB - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$103.32 and traded as low as C$87.66. EQB shares last traded at C$90.50, with a volume of 93,396 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. National Bankshares lifted 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. Royal Bank of Canada cut their price objective on shares of EQB from C$153.00 to C$147.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Jefferies Financial Group set a C$129.00 target price on EQB and gave the company a "buy" rating in a research report on Thursday, January 30th. Desjardins dropped their price target on EQB from C$130.00 to C$126.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, Scotiabank lowered their price objective on 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, EQB presently has an average rating of "Moderate Buy" and a consensus target price of C$122.80.
Check Out Our Latest Research Report on EQB
EQB Stock Up 0.5 %
The stock has a 50 day moving average of C$97.72 and a 200 day moving average of C$103.08. The company has a market capitalization of C$3.56 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.
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 $0.51 dividend. This is a positive change from EQB's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 2.22%. 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.
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