Equitable Group Inc. (EQB) Price Target Lowered to C$61.00 at Royal Bank Of Canada
Equitable Group Inc. (TSE:EQB) had its price objective cut by stock analysts at Royal Bank Of Canada from C$66.00 to C$61.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 13.36% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. National Bank Financial boosted their price target on shares of Equitable Group from C$70.00 to C$74.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. TD Securities boosted their price target on shares of Equitable Group from C$70.00 to C$72.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Finally, Scotiabank boosted their price target on shares of Equitable Group from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Monday, August 15th.
Equitable Group (TSE:EQB) traded up 0.35% during midday trading on Thursday, hitting $54.00. 12,540 shares of the stock traded hands. The stock has a 50-day moving average of $59.50 and a 200 day moving average of $57.18. Equitable Group has a 52-week low of $44.73 and a 52-week high of $63.05. The firm has a market cap of $840.56 million and a PE ratio of 7.09.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, October 3rd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, September 13th.
Equitable Group Company Profile
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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