EQB Inc. (TSE:EQB) Receives Average Recommendation of “Hold” from Analysts

Shares of EQB Inc. (TSE:EQB) have been assigned an average rating of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$122.50.

Several equities research analysts have issued reports on EQB shares. TD cut their target price on EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Desjardins raised their target price on EQB from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Scotiabank raised their target price on EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Jefferies Financial Group raised their target price on EQB from C$110.00 to C$112.00 in a research note on Wednesday, May 20th. Finally, Raymond James Financial cut their target price on EQB from C$127.00 to C$123.00 and set a “market perform” rating for the company in a research note on Friday, May 29th.

EQB Stock Up 0.4%

EQB stock opened at C$128.35 on Friday. The business has a fifty day moving average of C$119.81 and a two-hundred day moving average of C$112.92. The stock has a market cap of C$4.70 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 0.34 and a beta of 1.01. EQB has a 52-week low of C$83.93 and a 52-week high of C$131.06.

EQB (TSE:EQB) last posted its earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share (EPS) for the quarter. The company had revenue of C$302.36 million during the quarter. EQB had a return on equity of 6.16% and a net margin of 6.61%. As a group, sell-side analysts anticipate that EQB will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a $0.61 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.44 annualized dividend and a dividend yield of 1.9%. This is a boost from EQB’s previous quarterly dividend of $0.59. EQB’s dividend payout ratio (DPR) is presently 44.01%.

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. 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.