Analysts Set EQB Inc. (TSE:EQB) PT at C$119.60

Shares of EQB Inc. (TSE:EQB) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$119.60.

Several equities analysts have weighed in on the company. Scotiabank reduced their price objective on EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. CIBC reduced their price objective on EQB from C$130.00 to C$126.00 in a report on Thursday, May 22nd. Royal Bank of Canada reduced their price objective on EQB from C$153.00 to C$147.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Desjardins reduced their price objective on EQB from C$130.00 to C$126.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, National Bankshares reduced their price objective on EQB from C$117.00 to C$111.00 and set a “sector perform” rating for the company in a report on Thursday, May 22nd.

EQB Trading Up 2.0%

Shares of TSE EQB opened at C$99.18 on Friday. The stock has a fifty day simple moving average of C$94.44 and a two-hundred day simple moving average of C$100.73. EQB has a 1-year low of C$78.24 and a 1-year high of C$114.22. The firm has a market cap of C$3.84 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a $0.51 dividend. This is a positive change from EQB’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Friday, March 14th. EQB’s dividend payout ratio (DPR) 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.