EQB Inc. (TSE:EQB) Given Average Recommendation of “Moderate Buy” by Analysts

EQB Inc. (TSE:EQB) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$118.30.

A number of research analysts recently issued reports on EQB shares. Raymond James boosted their price objective on EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Desjardins set a C$130.00 price target on shares of EQB and gave the company a “buy” rating in a report on Tuesday. TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and reduced their target price for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Finally, Scotiabank dropped their price target on shares of EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th.

EQB Trading Down 1.4 %

TSE:EQB opened at C$105.93 on Thursday. The stock has a 50 day moving average of C$104.53 and a 200-day moving average of C$103.26. The firm has a market capitalization of C$4.07 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 52 week low of C$78.24 and a 52 week high of C$114.22.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.49 per share. This is a positive change from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, December 13th. EQB’s dividend payout ratio (DPR) is presently 19.75%.

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.