EQB Inc. (TSE:EQB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of EQB Inc. (TSE:EQB) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$119.60.

Several research firms recently weighed in on EQB. Jefferies Financial Group cut their price objective on shares of EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st. National Bankshares cut their price target on shares of 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. Finally, CIBC decreased their price objective on shares of EQB from C$130.00 to C$126.00 in a research note on Thursday, May 22nd.

EQB Stock Performance

EQB opened at C$102.28 on Friday. The firm has a market cap of C$3.96 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 52-week low of C$85.14 and a 52-week high of C$114.22. The business’s fifty day moving average is C$96.66 and its 200-day moving average is C$98.82.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Friday, June 13th. This is a boost from EQB’s previous quarterly dividend of $0.51. EQB’s dividend payout ratio is presently 29.31%.

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.