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

Shares of EQB Inc. (TSE:EQB) have been given a consensus rating of “Hold” by the ten research firms that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$103.90.

A number of analysts have recently issued reports on EQB shares. TD Securities boosted their price objective on EQB from C$100.00 to C$105.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. National Bankshares decreased their price target on EQB from C$104.00 to C$89.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 28th. Scotiabank upped their target price on shares of EQB from C$94.00 to C$96.00 in a research report on Friday, October 10th. CIBC decreased their price target on EQB from C$126.00 to C$116.00 and set a “hold” rating on the stock in a report on Friday, August 29th. Finally, Royal Bank Of Canada lowered their target price on shares of EQB from C$124.00 to C$112.00 and set an “outperform” rating for the company in a report on Friday, August 29th.

EQB Stock Performance

TSE EQB opened at C$86.42 on Friday. The stock has a 50-day simple moving average of C$90.07 and a 200 day simple moving average of C$95.09. The stock has a market capitalization of C$3.31 billion, a PE ratio of 9.80, a P/E/G ratio of 0.34 and a beta of 1.17. EQB has a twelve month low of C$83.93 and a twelve month high of C$114.22.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 30th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.5%. This is a boost from EQB’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, September 15th. EQB’s dividend payout ratio (DPR) is 22.68%.

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.