EQB Inc. (TSE:EQB) Receives Average Recommendation of “Hold” from Analysts

Shares of EQB Inc. (TSE:EQB) have received an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$115.50.

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

EQB Stock Down 1.3 %

Shares of EQB stock opened at C$108.39 on Friday. The stock has a market cap of C$4.16 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The business has a 50-day simple moving average of C$104.71 and a 200-day simple moving average of C$101.53. EQB has a 52-week low of C$78.24 and a 52-week high of C$113.20.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.49 per share. This is a positive change from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, December 13th. EQB’s payout ratio is 19.75%.

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.