EQB Inc. (TSE:EQB – Get Free Report) Director Darren Lorimer sold 1,850 shares of EQB stock in a transaction on Thursday, July 16th. The shares were sold at an average price of C$149.00, for a total value of C$275,650.00. Following the completion of the sale, the director owned 5,138 shares in the company, valued at C$765,562. This represents a 26.47% decrease in their position.
Darren Lorimer also recently made the following trade(s):
- On Thursday, July 16th, Darren Lorimer sold 750 shares of EQB stock. The shares were sold at an average price of C$149.24, for a total transaction of C$111,930.00.
- On Thursday, July 16th, Darren Lorimer sold 100 shares of EQB stock. The shares were sold at an average price of C$148.93, for a total transaction of C$14,893.00.
- On Thursday, July 16th, Darren Lorimer sold 200 shares of EQB stock. The stock was sold at an average price of C$148.90, for a total value of C$29,780.00.
EQB Stock Down 0.5%
EQB traded down C$0.69 on Friday, reaching C$144.31. The company had a trading volume of 81,603 shares, compared to its average volume of 121,779. The stock has a 50-day moving average price of C$124.36 and a 200-day moving average price of C$116.68. EQB Inc. has a 1 year low of C$83.93 and a 1 year high of C$150.32. The stock has a market capitalization of C$5.11 billion, a PE ratio of 28.35, a P/E/G ratio of 0.34 and a beta of 0.93.
EQB Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.61 dividend. This is a boost from EQB’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, June 15th. This represents a $2.44 annualized dividend and a yield of 1.7%. EQB’s payout ratio is presently 44.01%.
Analysts Set New Price Targets
EQB has been the subject of several analyst reports. TD cut their price target on EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Jefferies Financial Group boosted their target price on EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. Raymond James Financial decreased their price target on EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. Desjardins raised their target price on EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, National Bank Financial set a C$120.00 target price on shares of EQB and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EQB currently has a consensus rating of “Hold” and an average price target of C$122.50.
View Our Latest Stock Analysis on EQB
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.
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