EQB Inc. (TSE:EQB) Receives C$101.00 Consensus Target Price from Brokerages

EQB Inc. (TSE:EQBGet Free Report) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$101.00.

A number of analysts recently commented on EQB shares. Cormark upped their price target on shares of EQB from C$92.00 to C$97.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Raymond James raised their price target on EQB from C$97.00 to C$110.00 and gave the stock an “outperform” rating in a report on Monday, December 11th. National Bankshares boosted their price objective on EQB from C$90.00 to C$98.00 and gave the company an “outperform” rating in a research note on Wednesday, December 20th. BMO Capital Markets raised their target price on EQB from C$92.00 to C$97.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, National Bank Financial reiterated an “outperform market weight” rating on shares of EQB in a research report on Friday, December 8th.

Get Our Latest Stock Report on EQB

EQB Stock Down 1.2 %

TSE EQB opened at C$90.76 on Friday. The company has a market cap of C$3.46 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.34 and a beta of 1.67. EQB has a 52 week low of C$53.86 and a 52 week high of C$94.10. The firm’s 50-day simple moving average is C$87.94 and its two-hundred day simple moving average is C$79.67.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, December 20th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This is a positive change from EQB’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 1.76%. EQB’s payout ratio is presently 17.19%.

About EQB

(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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