Research Analysts’ Weekly Ratings Changes for EQB (EQB)

Several brokerages have updated their recommendations and price targets on shares of EQB (TSE: EQB) in the last few weeks:

• 12/6/2024 – EQB was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a C$110.00 price target on the stock, down previously from C$126.00.
• 12/6/2024 – EQB had its price target lowered by analysts at Scotiabank from C$135.00 to C$130.00.
• 12/5/2024 – EQB was downgraded by analysts at Cormark from a “buy” rating to a “market perform” rating. They now have a C$110.00 price target on the stock, down previously from C$131.00.
• 11/26/2024 – EQB had its price target raised by analysts at CIBC from C$113.00 to C$130.00.
• 11/25/2024 – EQB had its price target raised by analysts at Scotiabank from C$109.00 to C$135.00.
• 11/18/2024 – EQB had its price target raised by analysts at BMO Capital Markets from C$106.00 to C$119.00.

EQB Stock Performance

Shares of EQB stock traded down C$2.54 during trading on Tuesday, reaching C$99.92. 243,607 shares of the company’s stock were exchanged, compared to its average volume of 60,864. EQB Inc. has a 1-year low of C$77.96 and a 1-year high of C$113.20. The company has a market cap of C$3.83 billion, a P/E ratio of 10.50, a PEG ratio of 0.34 and a beta of 1.59. The firm’s 50-day moving average price is C$107.20 and its 200 day moving average price is C$98.79.

EQB Increases Dividend

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

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.