Shares of EQB Inc. (TSE:EQB - Get Free Report) have received an average rating of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$115.50.
Several equities analysts have recently issued reports on EQB shares. CIBC boosted their price objective on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Cormark lowered EQB from a "buy" rating to a "market perform" rating and cut their price target for the company from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Scotiabank cut their price target on EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th. BMO Capital Markets lifted their price target on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Finally, TD Securities lowered EQB from a "buy" rating to a "hold" rating and cut their price target for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th.
View Our Latest Analysis on EQB
Shares of EQB stock opened at C$108.39 on Friday. The stock has a market cap of C$4.16 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The business has a 50-day simple moving average of C$104.71 and a 200-day simple moving average of C$101.53. EQB has a 52-week low of C$78.24 and a 52-week high of C$113.20.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.49 per share. This is a positive change from EQB's previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, December 13th. EQB's payout ratio is 19.75%.
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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