EQB (TSE:EQB) Upgraded by Desjardins to Moderate Buy Rating

Desjardins upgraded shares of EQB (TSE:EQB) to a moderate buy rating in a report issued on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on EQB. Jefferies Financial Group set a C$129.00 price objective on shares of EQB and gave the stock a “buy” rating in a report on Thursday, January 30th. TD Securities lowered shares of EQB from a “buy” rating to a “hold” rating and cut their price target for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th. CIBC upped their price objective on shares of EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. BMO Capital Markets raised their price objective on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Finally, Scotiabank reduced their target price on EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, EQB currently has an average rating of “Moderate Buy” and a consensus target price of C$118.30.

EQB Stock Up 0.1 %

Shares of TSE:EQB opened at C$107.38 on Monday. EQB has a fifty-two week low of C$78.24 and a fifty-two week high of C$114.22. The firm’s 50 day moving average price is C$104.60 and its 200 day moving average price is C$103.19. The stock has a market cap of C$4.12 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.83%. This is a boost from EQB’s previous quarterly dividend of $0.47. EQB’s dividend payout ratio (DPR) is currently 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.