EQB Inc. (TSE:EQB) Receives C$122.50 Average PT from Analysts

Shares of EQB Inc. (TSE:EQB) have been given a consensus recommendation of “Hold” by the eleven research firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$122.50.

Several research analysts have issued reports on EQB shares. Jefferies Financial Group increased their price objective on EQB from C$110.00 to C$112.00 in a research report on Wednesday, May 20th. National Bank Financial set a C$120.00 price target on shares of EQB and gave the stock a “sector perform” rating in a research note on Friday, May 15th. TD cut their price target on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a report on Thursday, May 28th. Desjardins raised their price objective on shares of EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, TD Securities decreased their price objective on shares of EQB from C$138.00 to C$132.00 in a report on Thursday, February 26th.

EQB Stock Up 1.1%

Shares of TSE:EQB opened at C$120.48 on Wednesday. EQB has a 52 week low of C$83.93 and a 52 week high of C$126.51. The company has a 50-day moving average price of C$117.03 and a 200 day moving average price of C$109.87. The company has a market cap of C$4.27 billion, a P/E ratio of 23.67, a PEG ratio of 0.34 and a beta of 1.01.

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

EQB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a $0.61 dividend. This is an increase from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, June 15th. EQB’s dividend payout ratio (DPR) is 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.