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EQB (TSE:EQB) Shares Pass Above 50 Day Moving Average - Here's What Happened

EQB logo with Financial Services background

EQB Inc. (TSE:EQB - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$96.82 and traded as high as C$103.72. EQB shares last traded at C$102.69, with a volume of 53,426 shares.

Analyst Ratings Changes

EQB has been the topic of several analyst reports. Jefferies Financial Group reduced their target price on EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. National Bankshares reduced their price objective on shares of EQB from C$117.00 to C$111.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 22nd. Finally, CIBC reduced their price objective on shares of EQB from C$130.00 to C$126.00 in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, EQB currently has a consensus rating of "Moderate Buy" and a consensus target price of C$119.60.

Read Our Latest Stock Analysis on EQB

EQB Price Performance

The stock has a market cap of C$4.01 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The business's 50-day simple moving average is C$97.33 and its two-hundred day simple moving average is C$98.91.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from EQB's previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 2.05%. EQB's dividend payout ratio (DPR) is currently 29.31%.

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.

See Also

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