EQB (TSE:EQB) Cut to “Hold” at TD Securities

TD Securities downgraded shares of EQB (TSE:EQB) from a buy rating to a hold rating in a research note released on Friday,BayStreet.CA reports. They currently have C$110.00 price target on the stock, down from their prior price target of C$126.00.

Several other equities research analysts also recently commented on the company. BMO Capital Markets boosted their price objective on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. CIBC lifted their price target on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. Cormark downgraded EQB from a “buy” rating to a “market perform” rating and decreased their price target for the company from C$131.00 to C$110.00 in a research report on Thursday. Raymond James lowered their price target on shares of EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. Finally, Scotiabank boosted their target price on shares of EQB from C$109.00 to C$135.00 in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, EQB has a consensus rating of “Hold” and a consensus price target of C$113.63.

EQB Stock Performance

Shares of TSE EQB opened at C$102.10 on Friday. EQB has a 52-week low of C$77.96 and a 52-week high of C$113.20. The stock has a market cap of C$3.92 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The firm has a 50 day moving average price of C$107.22 and a two-hundred day moving average price of C$98.65.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.49 per share. This is a boost from EQB’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.92%. EQB’s payout ratio is 19.75%.

About EQB

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.