Brokerages Set EQB Inc. (TSE:EQB) Price Target at C$119.60

Shares of EQB Inc. (TSE:EQB) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$119.60.

Several equities analysts have weighed in on the company. CIBC dropped their target price on EQB from C$130.00 to C$126.00 in a research report on Thursday, May 22nd. National Bankshares dropped their target price on EQB from C$117.00 to C$111.00 and set a “sector perform” rating for the company in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group dropped their target price on EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st.

EQB Stock Down 0.2%

TSE EQB opened at C$101.07 on Friday. The business’s fifty day simple moving average is C$96.41 and its 200-day simple moving average is C$98.78. The firm has a market cap of C$3.91 billion, a PE ratio of 15.76, a P/E/G 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.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.12 dividend on an annualized basis and a yield of 2.10%. This is a boost from EQB’s previous quarterly dividend of $0.51. EQB’s payout ratio is currently 29.31%.

About EQB

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.