EQB Inc. (TSE:EQB) Given Average Rating of “Hold” by Analysts

Shares of EQB Inc. (TSE:EQB) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$102.40.

A number of research firms have commented on EQB. Royal Bank Of Canada decreased their price objective on shares of EQB from C$124.00 to C$112.00 and set an “outperform” rating for the company in a report on Friday, August 29th. Raymond James Financial downgraded shares of EQB from a “moderate buy” rating to a “hold” rating and decreased their price objective for the stock from C$108.00 to C$93.00 in a report on Thursday, August 28th. Jefferies Financial Group downgraded shares of EQB from a “buy” rating to a “hold” rating and reduced their price target for the company from C$119.00 to C$107.00 in a report on Friday, August 29th. Desjardins reduced their price target on shares of EQB from C$110.00 to C$103.00 and set a “buy” rating for the company in a report on Friday, August 29th. Finally, National Bankshares reduced their price target on shares of EQB from C$104.00 to C$89.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th.

EQB Price Performance

EQB stock opened at C$92.97 on Friday. The company has a market cap of C$3.57 billion, a PE ratio of 10.54, a P/E/G ratio of 0.34 and a beta of 1.27. The company has a fifty day moving average price of C$97.04 and a two-hundred day moving average price of C$96.24. EQB has a 12 month low of C$85.14 and a 12 month high of C$114.22.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.4%. This is a positive change from EQB’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, September 15th. EQB’s dividend payout ratio is presently 22.68%.

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.