Equitable Group Inc. (EQB) Price Target Cut to C$61.00
Equitable Group Inc. (TSE:EQB) had its target price reduced by equities researchers at RBC Capital Markets from C$66.00 to C$61.00 in a note issued to investors on Thursday. The firm currently has a “sector perform” rating on the stock. RBC Capital Markets’ price target suggests a potential upside of 13.36% from the stock’s current price.
EQB has been the subject of a number of other reports. TD Securities increased their price objective on Equitable Group from C$72.00 to C$74.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. National Bank Financial increased their price objective on Equitable Group from C$70.00 to C$74.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. Scotiabank increased their price objective on Equitable Group from C$69.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 13th. Finally, Royal Bank Of Canada decreased their price objective on Equitable Group from C$66.00 to C$61.00 and set a “sector perform” rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Equitable Group presently has an average rating of “Hold” and an average target price of C$68.20.
Equitable Group (TSE:EQB) traded down 0.09% during trading on Thursday, hitting $53.76. The stock had a trading volume of 39,481 shares. The firm’s 50-day moving average price is $59.50 and its 200-day moving average price is $57.18. Equitable Group has a 1-year low of $44.73 and a 1-year high of $63.05. The stock has a market cap of $836.83 million and a PE ratio of 7.06.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, October 3rd were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Tuesday, September 13th.
About Equitable Group
Equitable Group Inc is a financial services company that operates through its subsidiary, Equitable Bank (the Bank). The Bank provides mortgage loans to a range of customers that include business-for-self borrowers, newcomers to Canada and commercial real estate investors. It also provides savers with various saving options that offer security and competitive interest rates, including guaranteed investment certificates (GICs), high interest savings accounts (HISAs) and deposit notes.
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