Analysts Set EQB Inc. (TSE:EQB) PT at C$118.22

Shares of EQB Inc. (TSE:EQB – Get Free Report) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$118.22.

A number of analysts have recently weighed in on the stock. National Bank Financial upped their price target on shares of EQB from C$111.00 to C$120.00 and gave the stock a “sector perform” rating in a report on Thursday, February 26th. Scotiabank upped their price objective on shares of EQB from C$105.00 to C$122.00 in a research report on Friday, February 27th. TD Securities lowered their price objective on shares of EQB from C$138.00 to C$132.00 in a research report on Thursday, February 26th. Jefferies Financial Group upped their price objective on shares of EQB from C$97.00 to C$109.00 in a research report on Wednesday, February 11th. Finally, Desjardins upped their price objective on shares of EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th.

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EQB Trading Down 2.6%

Shares of EQB stock opened at C$112.56 on Friday. The company has a 50 day moving average of C$115.22 and a 200-day moving average of C$105.99. EQB has a 1-year low of C$83.93 and a 1-year high of C$126.51. The company has a market cap of C$4.12 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.59 per share. The ex-dividend date was Friday, March 13th. This represents a $2.36 dividend on an annualized basis and a yield of 2.1%. This is a positive change from EQB’s previous quarterly dividend of $0.57. EQB’s dividend payout ratio is currently 36.06%.

About EQB

(Get Free Report)

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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