EQB Inc. (TSE:EQB) Given Average Recommendation of “Hold” by Brokerages

EQB Inc. (TSE:EQB) has been given an average recommendation of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$122.50.

Several research analysts have recently weighed in on the stock. Scotiabank lifted their target price on shares of EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a research report on Monday. Desjardins lifted their target price on shares of EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Jefferies Financial Group lifted their target price on shares of EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. TD decreased their price target on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a report on Thursday, May 28th. Finally, Raymond James Financial decreased their price target on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating for the company in a report on Friday, May 29th.

EQB Price Performance

EQB stock opened at C$115.33 on Wednesday. The firm’s 50 day simple moving average is C$116.10 and its 200-day simple moving average is C$108.51. The company has a market cap of C$4.09 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 0.34 and a beta of 0.74. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$126.51.

EQB (TSE:EQB) last released its earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share for the quarter. The business had revenue of C$302.36 million for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. On average, analysts expect that EQB will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.61 per share. This is an increase from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, June 15th. EQB’s dividend payout ratio is 44.01%.

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. 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.