EQB Inc. (TSE:EQB) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of EQB Inc. (TSE:EQB) have been assigned an average rating of “Hold” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$102.60.

A number of analysts have weighed in on the stock. Desjardins dropped their target price on shares of EQB from C$110.00 to C$103.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Royal Bank Of Canada decreased 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 research report on Friday, August 29th. Scotiabank upped their price target on shares of EQB from C$94.00 to C$96.00 in a report on Friday, October 10th. National Bankshares cut their price target on shares of EQB from C$104.00 to C$89.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th. Finally, CIBC reduced their price objective on shares of EQB from C$126.00 to C$116.00 and set a “hold” rating for the company in a research note on Friday, August 29th.

EQB Stock Performance

Shares of TSE:EQB opened at C$89.48 on Tuesday. The stock has a market capitalization of C$3.43 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.34 and a beta of 1.13. EQB has a 1-year low of C$85.14 and a 1-year high of C$114.22. The company’s fifty day moving average is C$94.22 and its two-hundred day moving average is C$95.86.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from EQB’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, September 15th. EQB’s payout ratio is currently 22.68%.

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.