EQB Inc. (TSE:EQB) Receives C$113.63 Consensus PT from Brokerages

EQB Inc. (TSE:EQB) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$113.63.

Several equities analysts recently weighed in on the stock. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and reduced their price target for the company from C$131.00 to C$110.00 in a research report on Thursday, December 5th. Scotiabank decreased their target price on shares of EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. BMO Capital Markets raised their price target on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and cut their price target for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th. Finally, CIBC upped their target price on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th.

EQB Stock Up 0.1 %

Shares of EQB stock opened at C$98.66 on Wednesday. EQB has a 52 week low of C$78.24 and a 52 week high of C$113.20. The business has a 50 day moving average price of C$105.65 and a 200-day moving average price of C$99.96. The company has a market cap of C$3.79 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.49 per share. This is a boost from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, December 13th. EQB’s payout ratio is presently 19.75%.

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.