EQB Inc. (TSE:EQB) Receives C$117.44 Consensus Target Price from Brokerages

EQB Inc. (TSE:EQB) has been given an average recommendation of “Hold” by the ten brokerages that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$117.44.

Several brokerages have recently issued reports on EQB. Scotiabank increased their target price on EQB from C$105.00 to C$122.00 in a research report on Friday, February 27th. Raymond James Financial dropped their price target on EQB from C$93.00 to C$91.00 in a research report on Friday, December 5th. Jefferies Financial Group increased their price objective on EQB from C$97.00 to C$109.00 in a report on Wednesday, February 11th. Veritas raised EQB to a “hold” rating in a research report on Monday, December 1st. Finally, BMO Capital Markets upgraded shares of EQB from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$108.00 to C$130.00 in a report on Tuesday, January 20th.

EQB Price Performance

Shares of TSE EQB opened at C$107.42 on Friday. EQB has a 1 year low of C$83.93 and a 1 year high of C$126.51. The company’s 50-day moving average is C$111.89 and its 200 day moving average is C$99.83. The stock has a market capitalization of C$3.93 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.34 and a beta of 0.78.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from EQB’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a yield of 2.2%. EQB’s payout ratio is presently 36.06%.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.