Analysts Set EQB Inc. (TSE:EQB) Target Price at C$118.30

EQB Inc. (TSE:EQB) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$118.30.

Several equities analysts recently issued reports on the company. Desjardins set a C$130.00 price target on EQB and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Scotiabank reduced their price target on EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. Raymond James raised their price target on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. CIBC raised their price target on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets raised their price target on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th.

EQB Trading Down 1.1 %

Shares of TSE EQB opened at C$106.00 on Thursday. The stock has a market cap of C$4.10 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a 1-year low of C$78.24 and a 1-year high of C$114.22. The stock’s 50-day moving average is C$104.96 and its 200 day moving average is C$103.63.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.49 dividend. This is a positive change from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, December 13th. EQB’s dividend payout ratio (DPR) 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.