Equitable Group Inc. (EQB) Given New C$68.00 Price Target at Scotiabank
Equitable Group Inc. (TSE:EQB) had its target price boosted by Scotiabank from C$64.00 to C$68.00 in a research report released on Monday morning. Scotiabank currently has a sector perform rating on the stock.
Several other brokerages have also issued reports on EQB. National Bank Financial raised their target price on shares of Equitable Group from C$65.00 to C$68.00 and gave the company a sector perform rating in a research note on Friday. Royal Bank Of Canada raised their target price on shares of Equitable Group from C$61.00 to C$68.00 and gave the company a sector perform rating in a research note on Friday. Laurentian reduced their target price on shares of Equitable Group from C$74.00 to C$72.00 in a research note on Monday. CIBC raised their target price on shares of Equitable Group from C$75.00 to C$81.00 in a research note on Monday. Finally, TD Securities raised their target price on shares of Equitable Group from C$71.00 to C$74.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Equitable Group presently has a consensus rating of Hold and an average target price of C$71.86.
Equitable Group (TSE EQB) traded up C$1.01 on Monday, reaching C$63.28. 27,283 shares of the company’s stock traded hands, compared to its average volume of 58,347. Equitable Group has a 52-week low of C$36.15 and a 52-week high of C$74.66.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be paid a dividend of $0.25 per share. This is a positive change from Equitable Group’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 1.58%. Equitable Group’s dividend payout ratio (DPR) is presently 9.28%.
In related news, insider Isabelle Farella sold 487 shares of Equitable Group stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of C$63.09, for a total transaction of C$30,724.83. Also, insider Andrew Moor sold 1,000 shares of Equitable Group stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of C$55.25, for a total transaction of C$55,250.00. Insiders have sold a total of 10,807 shares of company stock worth $599,310 in the last three months.
Equitable Group Company Profile
Equitable Group Inc is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands.
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