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

Shares of EQB Inc. (TSE:EQB) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$122.50.

A number of research firms have recently commented on EQB. Raymond James Financial cut their price target on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. TD lowered their price objective on EQB from C$132.00 to C$123.00 and set a “buy” rating on the stock in a research report on Thursday, May 28th. Desjardins upped their price objective on 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 company a “sector perform” rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group lifted their target price on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th.

EQB Price Performance

EQB opened at C$139.15 on Friday. The firm has a market cap of C$5.10 billion, a PE ratio of 27.34, a P/E/G ratio of 0.34 and a beta of 1.01. The stock has a 50-day moving average price of C$121.23 and a 200-day moving average price of C$114.22. EQB has a 1 year low of C$83.93 and a 1 year high of C$142.65.

EQB (TSE:EQB) last announced its quarterly earnings data on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. The company had revenue of C$302.36 million for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. As a group, sell-side analysts anticipate that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.61 per share. The ex-dividend date was Monday, June 15th. This represents a $2.44 annualized dividend and a yield of 1.8%. This is an increase from EQB’s previous quarterly dividend of $0.59. EQB’s dividend payout ratio (DPR) is currently 44.01%.

EQB Company Profile

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.