EQB Inc. (TSE:EQB) Receives C$122.80 Average PT from Analysts

EQB Inc. (TSE:EQB) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$122.80.

Several research firms have commented on EQB. BMO Capital Markets raised their target price on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Royal Bank of Canada dropped their price objective on EQB from C$153.00 to C$147.00 and set an “outperform” rating on the stock in a research note 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 note on Thursday, January 30th. Cormark cut shares of EQB from a “buy” rating to a “market perform” rating and dropped their price target for the stock from C$131.00 to C$110.00 in a research report on Thursday, December 5th. Finally, Scotiabank cut their price target on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a report on Thursday, February 20th.

EQB Stock Performance

TSE:EQB opened at C$95.43 on Monday. The stock has a market cap of C$3.69 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 1 year low of C$78.24 and a 1 year high of C$114.22. The business has a fifty day moving average of C$105.22 and a 200-day moving average of C$104.07.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from EQB’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.14%. EQB’s dividend payout ratio (DPR) is presently 29.31%.

About EQB

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.