EQB Inc. (TSE:EQB) Receives Consensus Rating of “Hold” from Brokerages

Shares of EQB Inc. (TSE:EQB) have received a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat 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 1 year target price among brokers that have issued ratings on the stock in the last year is C$117.44.

A number of equities research analysts have commented on the company. Scotiabank upped their target price on shares of EQB from C$105.00 to C$122.00 in a research report on Friday, February 27th. Desjardins upped their price target on EQB from C$110.00 to C$125.00 and gave the stock a “buy” rating in a report on Monday, February 9th. TD Securities dropped their price objective on EQB from C$138.00 to C$132.00 in a research note on Thursday, February 26th. National Bank Financial lifted their price objective on EQB from C$111.00 to C$120.00 and gave the stock a “sector perform” rating in a report on Thursday, February 26th. Finally, Veritas upgraded EQB to a “hold” rating in a research report on Monday, December 1st.

EQB Price Performance

EQB stock opened at C$107.72 on Friday. The stock has a market capitalization of C$3.94 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78. The business has a 50 day simple moving average of C$111.83 and a 200-day simple moving average of C$99.58. EQB has a 12 month low of C$83.93 and a 12 month high of C$126.51.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.59 per share. This is a positive change from EQB’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend 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 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.