EQB (TSE:EQB) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

EQB Inc. (TSE:EQB) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$100.32 and traded as low as C$98.02. EQB shares last traded at C$98.97, with a volume of 29,812 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EQB shares. CIBC upped their target price on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and lowered their price target for the stock from C$131.00 to C$110.00 in a report on Thursday, December 5th. Scotiabank decreased their target price on EQB from C$135.00 to C$130.00 in a research note on Friday, December 6th. TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$126.00 to C$110.00 in a research report on Friday, December 6th. Finally, BMO Capital Markets upped their price objective on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, EQB has a consensus rating of “Hold” and a consensus price target of C$113.63.

EQB Stock Up 0.6 %

The firm has a 50 day moving average of C$104.84 and a 200-day moving average of C$100.31. The company has a market cap of C$3.80 billion, a P/E ratio of 10.41, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This is a boost from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 1.98%. EQB’s dividend payout ratio is currently 19.75%.

EQB Company Profile

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.