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

Shares of EQB Inc. (TSE:EQB) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$122.80.

A number of research firms recently weighed in on EQB. TD Securities lowered shares of EQB from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$126.00 to C$110.00 in a research report on Friday, December 6th. Jefferies Financial Group set a C$129.00 target price on shares of EQB and gave the company a “buy” rating in a report on Thursday, January 30th. Raymond James boosted their target price on shares of EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a report on Friday, January 10th. CIBC boosted their target price on shares of EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Finally, Royal Bank of Canada decreased their target price on shares of EQB from C$153.00 to C$147.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th.

EQB Trading Up 0.7 %

EQB opened at C$94.50 on Monday. The firm has a market capitalization of C$3.66 billion, a PE ratio of 14.73, a PEG ratio of 0.34 and a beta of 1.59. EQB has a twelve month low of C$78.24 and a twelve month high of C$114.22. The firm’s 50-day moving average price is C$104.96 and its 200 day moving average price is C$104.01.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a dividend of $0.51 per share. This is an increase from EQB’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, March 14th. EQB’s dividend payout ratio is presently 29.31%.

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.