Brokerages Set EQB Inc. (TSE:EQB) Target Price at C$122.80

EQB Inc. (TSE:EQB) 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.

EQB Stock Up 0.7 %

TSE EQB opened at C$94.50 on Monday. EQB has a 52 week low of C$78.24 and a 52 week high of C$114.22. The stock has a market capitalization of C$3.66 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The firm has a 50 day moving average of C$104.96 and a two-hundred day moving average of C$104.01.

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.