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

EQB Inc. (TSE:EQBGet Free Report) has been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$122.50.

Several equities research analysts have commented on EQB shares. Scotiabank raised their price target on shares of EQB from C$122.00 to C$125.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Desjardins raised their price objective on shares of EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. National Bank Financial set a C$120.00 target price on EQB and gave the stock a “sector perform” rating in a report on Friday, May 15th. Raymond James Financial dropped their target price on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Finally, Jefferies Financial Group lifted their price target on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th.

Get Our Latest Analysis on EQB

Insider Activity

In related news, Director Darren Lorimer sold 750 shares of the business’s stock in a transaction that occurred on Thursday, July 16th. The stock was sold at an average price of C$149.24, for a total value of C$111,930.00. Following the completion of the sale, the director owned 6,988 shares of the company’s stock, valued at approximately C$1,042,889.12. The trade was a 9.69% decrease in their position. Also, insider Loblaw Companies Limited acquired 8,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was purchased at an average price of C$141.57 per share, for a total transaction of C$1,132,560.00. Following the acquisition, the insider directly owned 1,250,100 shares of the company’s stock, valued at C$176,976,657. The trade was a 0.64% increase in their position. In the last three months, insiders bought 22,100 shares of company stock worth $3,167,188 and sold 7,484 shares worth $1,069,719. 29.02% of the stock is owned by corporate insiders.

EQB Stock Up 0.4%

Shares of TSE:EQB opened at C$140.13 on Thursday. The firm has a 50-day simple moving average of C$126.28 and a 200 day simple moving average of C$117.73. The company has a market cap of C$4.97 billion, a PE ratio of 27.53, a P/E/G ratio of 0.34 and a beta of 0.93. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32.

EQB (TSE:EQBGet Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share (EPS) for the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%.The business had revenue of C$302.36 million for the quarter. As a group, research analysts forecast that EQB will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from EQB’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, June 15th. EQB’s dividend payout ratio (DPR) is currently 44.01%.

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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Analyst Recommendations for EQB (TSE:EQB)

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