EQB Inc. (TSE:EQB) Given Average Recommendation of “Buy” by Analysts

Shares of EQB Inc. (TSE:EQB – Get Rating) have earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$79.13.

A number of research firms have issued reports on EQB. TD Securities raised their target price on EQB from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research report on Friday, November 25th. Raymond James raised their target price on EQB from C$85.50 to C$87.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 9th. National Bankshares decreased their target price on EQB from C$73.00 to C$68.00 in a research report on Tuesday, October 25th. Scotiabank raised their target price on EQB from C$79.00 to C$82.00 in a research report on Tuesday, November 22nd. Finally, Cormark lifted their price target on EQB from C$67.00 to C$69.00 in a research report on Wednesday, November 9th.

EQB Trading Down 0.3 %

Shares of EQB stock opened at C$59.22 on Friday. The business’s fifty day simple moving average is C$57.79 and its 200 day simple moving average is C$53.77. The firm has a market capitalization of C$2.22 billion and a P/E ratio of 6.81. EQB has a 12 month low of C$44.81 and a 12 month high of C$78.68.

EQB (TSE:EQB – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported C$2.35 EPS for the quarter, topping analysts’ consensus estimates of C$2.18 by C$0.17. The business had revenue of C$195.73 million for the quarter, compared to the consensus estimate of C$183.00 million. Analysts predict that EQB will post 10.2299999 EPS for the current fiscal year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 30th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.23%. This is a boost from EQB’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, December 14th. EQB’s payout ratio is presently 12.26%.

EQB Company Profile

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EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions.