EQB (TSE:EQB) Upgraded at Desjardins

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

EQB has been the subject of several other research reports. TD Securities lowered shares of EQB from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$126.00 to C$110.00 in a research report on Friday, December 6th. CIBC upped their target price on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Scotiabank cut their price target on EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. Cormark downgraded EQB from a “buy” rating to a “market perform” rating and reduced their price objective for the stock from C$131.00 to C$110.00 in a research report on Thursday, December 5th. Finally, Jefferies Financial Group set a C$129.00 target price on EQB and gave the company a “buy” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, EQB currently has a consensus rating of “Moderate Buy” and an average target price of C$118.30.

EQB Price Performance

Shares of EQB stock opened at C$105.93 on Monday. The firm has a fifty day moving average of C$104.53 and a two-hundred day moving average of C$103.26. The firm has a market cap of C$4.07 billion, a P/E ratio of 11.13, a P/E/G 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.

EQB Increases Dividend

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

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.