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 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
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.
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
- Is Airbnb Setting Up To Rally 38%, As Analysts Are Forecasting?
- Does a Price Cut for Tesla Vehicles Mean the Same for TSLA Stock?
- Microsoft Layoffs Signal Layoffs for Other Tech Companies?
Receive News & Ratings for EQB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQB and related companies with MarketBeat.com's FREE daily email newsletter.