EQB Inc. (TSE:EQB) Receives Average Rating of “Buy” from Analysts

Shares of EQB Inc. (TSE:EQB – Get Rating) have earned a consensus rating of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$79.13.

A number of equities analysts have issued reports on the company. Raymond James upped their target price on EQB from C$85.50 to C$87.00 and gave the stock an “outperform” rating in a report on Wednesday, November 9th. National Bankshares reduced their price target on EQB from C$73.00 to C$68.00 in a report on Tuesday, October 25th. Royal Bank of Canada upped their price objective on EQB from C$69.00 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday, November 10th. Cormark increased their price target on EQB from C$67.00 to C$69.00 in a research note on Wednesday, November 9th. Finally, TD Securities lifted their price target on shares of EQB from C$75.00 to C$80.00 and gave the company a “buy” rating in a research note on Friday, November 25th.

EQB Price Performance

EQB opened at C$59.22 on Friday. The firm’s fifty day moving average price is C$57.79 and its 200 day moving average price is C$53.77. The stock has a market capitalization of C$2.22 billion and a PE ratio of 6.81. EQB has a 12-month low of C$44.81 and a 12-month high of C$78.68.

EQB (TSE:EQB – Get Rating) last issued its earnings results on Tuesday, November 8th. The company reported C$2.35 EPS for the quarter, topping the consensus estimate of C$2.18 by C$0.17. The firm had revenue of C$195.73 million during the quarter, compared to the consensus estimate of C$183.00 million. On average, equities research analysts forecast that EQB will post 10.2299999 earnings per share for the current fiscal year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 30th were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, December 14th. This is a boost from EQB’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.23%. EQB’s dividend payout ratio (DPR) is presently 12.26%.

EQB Company Profile

(Get Rating)

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, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions.