EQB Inc. (TSE:EQB) Given Consensus Recommendation of “Moderate Buy” by Analysts

EQB Inc. (TSE:EQB) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$118.30.

EQB has been the subject of a number of recent research reports. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and cut their price objective for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. CIBC upped their target price on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Scotiabank decreased their price target on EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. Jefferies Financial Group set a C$129.00 price objective on EQB and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Cormark cut shares of EQB from a “buy” rating to a “market perform” rating and decreased their target price for the stock from C$131.00 to C$110.00 in a report on Thursday, December 5th.

EQB Price Performance

EQB stock opened at C$105.93 on Thursday. The firm has a market cap of C$4.07 billion, a PE ratio of 11.13, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a 12 month low of C$78.24 and a 12 month high of C$114.22. The firm has a 50 day simple moving average of C$104.53 and a 200 day simple moving average of C$103.26.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued 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 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Friday, December 13th. EQB’s dividend payout ratio (DPR) is currently 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.