EQB Inc. (TSE:EQB – Get Free Report) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$122.80.
EQB has been the subject of several analyst reports. Jefferies Financial Group set a C$129.00 price target on shares of EQB and gave the stock a “buy” rating in a report on Thursday, January 30th. Scotiabank lowered their target price on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. National Bankshares upped their target price on shares of EQB from C$109.00 to C$117.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and lowered their target price for the company from C$126.00 to C$110.00 in a report on Friday, December 6th. Finally, Cormark cut shares of EQB from a “buy” rating to a “market perform” rating and lowered their target price for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th.
Read Our Latest Analysis on EQB
EQB Stock Up 0.7 %
EQB Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 2.16%. This is a boost from EQB’s previous quarterly dividend of $0.49. EQB’s dividend 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.
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