EQB Inc. (TSE:EQB) Receives Consensus Rating of “Moderate Buy” from Analysts

EQB Inc. (TSE:EQB) has earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$120.60.

A number of research firms have recently commented on EQB. Scotiabank dropped their price objective on EQB from C$130.00 to C$119.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. National Bankshares boosted their target price on EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Desjardins cut their target price on EQB from C$130.00 to C$126.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Royal Bank of Canada cut their target price on EQB from C$153.00 to C$147.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, Jefferies Financial Group cut their target price on EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st.

EQB Stock Performance

EQB opened at C$93.74 on Tuesday. EQB has a one year low of C$78.24 and a one year high of C$114.22. The stock’s fifty day moving average is C$95.41 and its 200-day moving average is C$102.38. The company has a market capitalization of C$3.63 billion, a PE ratio of 14.61, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.18%. 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. EQB’s payout ratio is presently 29.31%.

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.