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

Shares of EQB Inc. (TSE:EQBGet Free Report) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$104.44.

EQB has been the topic of a number of analyst reports. Scotiabank upped their target price on EQB from C$111.00 to C$113.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. TD Securities boosted their price target on shares of EQB from C$98.00 to C$101.00 and gave the company a “buy” rating in a report on Sunday, June 2nd. CIBC increased their price objective on shares of EQB from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. National Bank Financial lowered shares of EQB from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, February 28th. Finally, Royal Bank of Canada upped their target price on EQB from C$107.00 to C$109.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th.

Check Out Our Latest Report on EQB

EQB Price Performance

Shares of TSE EQB opened at C$88.26 on Friday. EQB has a 1-year low of C$65.40 and a 1-year high of C$97.64. The business’s 50 day moving average is C$85.70 and its two-hundred day moving average is C$85.96. The stock has a market capitalization of C$3.37 billion, a P/E ratio of 9.48, a PEG ratio of 0.34 and a beta of 1.63.

EQB (TSE:EQBGet Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported C$2.70 earnings per share for the quarter. The company had revenue of C$298.77 million for the quarter. EQB had a return on equity of 14.70% and a net margin of 39.67%. As a group, equities research analysts anticipate that EQB will post 11.5759669 earnings per share for the current fiscal year.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.04%. This is a positive change from EQB’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, June 14th. EQB’s dividend payout ratio (DPR) is 18.05%.

EQB Company Profile

(Get Free Report

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, institutional deposit notes and covered bonds, as well as specialized financing solutions.

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Analyst Recommendations for EQB (TSE:EQB)

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