EQB Inc. (TSE:EQB) Receives C$122.80 Average Target Price from Analysts

Shares of EQB Inc. (TSE:EQB) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$122.80.

EQB has been the subject of a number of research reports. Scotiabank dropped their price objective on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Royal Bank of Canada reduced their price objective on EQB from C$153.00 to C$147.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Raymond James boosted their target price on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Cormark lowered 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. Finally, National Bankshares lifted their price objective on EQB from C$109.00 to C$117.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th.

EQB Price Performance

Shares of EQB stock opened at C$94.50 on Monday. The stock has a market capitalization of C$3.66 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The business has a 50-day moving average of C$105.05 and a 200 day moving average of C$103.98. EQB has a 12 month low of C$78.24 and a 12 month high of C$114.22.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a $0.51 dividend. This is a boost from EQB’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.16%. 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.