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

EQB Inc. (TSE:EQB) has earned an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$117.44.

A number of equities research analysts recently issued reports on EQB shares. BMO Capital Markets upgraded shares of EQB from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$108.00 to C$130.00 in a report on Tuesday, January 20th. Jefferies Financial Group lifted their price target on shares of EQB from C$97.00 to C$109.00 in a report on Wednesday, February 11th. Desjardins boosted their price objective on shares of EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Scotiabank increased their target price on EQB from C$105.00 to C$122.00 in a research report on Friday, February 27th. Finally, National Bank Financial lifted their target price on EQB from C$111.00 to C$120.00 and gave the company a “sector perform” rating in a report on Thursday, February 26th.

EQB Price Performance

Shares of EQB stock opened at C$107.72 on Friday. The firm has a market cap of C$3.94 billion, a P/E ratio of 17.98, a PEG ratio of 0.34 and a beta of 0.78. EQB has a 1-year low of C$83.93 and a 1-year high of C$126.51. The firm’s 50-day simple moving average is C$111.83 and its 200-day simple moving average is C$99.58.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be issued a $0.59 dividend. This is a positive change from EQB’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, March 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.2%. EQB’s dividend payout ratio (DPR) is 36.06%.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.