EQB Inc. (TSE:EQB) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of EQB Inc. (TSE:EQB) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$118.22.

Several equities research analysts have recently weighed in on EQB shares. National Bank Financial set a C$120.00 price objective on shares of EQB and gave the stock a “sector perform” rating in a research report on Friday. TD Securities reduced their price target on shares of EQB from C$138.00 to C$132.00 in a report on Thursday, February 26th. Scotiabank raised their price target on shares of EQB from C$105.00 to C$122.00 in a report on Friday, February 27th. Jefferies Financial Group raised their price target on shares of EQB from C$97.00 to C$109.00 in a report on Wednesday, February 11th. Finally, Desjardins raised their price target on shares of EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th.

EQB Stock Up 0.6%

EQB opened at C$115.00 on Friday. EQB has a twelve month low of C$83.93 and a twelve month high of C$126.51. The company has a fifty day moving average of C$115.15 and a 200-day moving average of C$106.23. The stock has a market cap of C$4.21 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.59 dividend. The ex-dividend date was Friday, March 13th. This is a positive change from EQB’s previous quarterly dividend of $0.57. This represents a $2.36 dividend on an annualized basis and a yield of 2.1%. EQB’s dividend payout ratio is 36.06%.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.