EQB Inc. (TSE:EQB) Receives Average Recommendation of “Hold” from Brokerages

Shares of EQB Inc. (TSE:EQB) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$117.44.

Several equities analysts have commented on the stock. TD Securities dropped their target price on shares of EQB from C$138.00 to C$132.00 in a research report on Thursday, February 26th. National Bank Financial lifted their target price on shares of EQB from C$111.00 to C$120.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 26th. Jefferies Financial Group lifted their target price on shares of EQB from C$97.00 to C$109.00 in a research report on Wednesday, February 11th. Scotiabank lifted their price target on shares of EQB from C$105.00 to C$122.00 in a report on Friday, February 27th. Finally, BMO Capital Markets raised shares of EQB from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$108.00 to C$130.00 in a report on Tuesday, January 20th.

EQB Stock Up 2.2%

EQB stock opened at C$121.19 on Tuesday. EQB has a 52 week low of C$83.93 and a 52 week high of C$126.51. The company’s 50 day moving average price is C$114.25 and its two-hundred day moving average price is C$102.66. The stock has a market cap of C$4.44 billion, a P/E ratio of 20.23, a P/E/G ratio of 0.34 and a beta of 0.70.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a $0.59 dividend. This is a boost from EQB’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. EQB’s payout ratio is presently 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.