Equitable Group (TSE:EQB) had its target price hoisted by TD Securities from C$125.00 to C$130.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada boosted their target price on shares of Equitable Group from C$120.00 to C$137.00 and gave the company an outperform rating in a report on Wednesday. National Bank Financial boosted their target price on shares of Equitable Group from C$90.00 to C$125.00 and gave the company a sector perform rating in a report on Tuesday, October 29th. CIBC boosted their target price on shares of Equitable Group from C$94.00 to C$97.00 in a report on Tuesday, July 30th. Finally, BMO Capital Markets boosted their target price on shares of Equitable Group from C$90.00 to C$105.00 in a report on Thursday, August 1st.

Equitable Group stock opened at C$113.31 on Wednesday. Equitable Group has a 1 year low of C$57.85 and a 1 year high of C$121.87. The firm has a 50 day moving average price of C$108.44 and a 200 day moving average price of C$87.43. The company has a market cap of $1.92 billion and a price-to-earnings ratio of 10.58.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.35 per share. This is an increase from Equitable Group’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 12th. Equitable Group’s payout ratio is currently 10.83%.

In other Equitable Group news, Senior Officer Andrew Moor sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$97.50, for a total transaction of C$48,750.00. Following the completion of the sale, the insider now directly owns 22,399 shares in the company, valued at C$2,183,902.50. Also, Director David Malcolm Balfour Legresley acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were acquired at an average price of C$24.02 per share, with a total value of C$96,080.00. Following the completion of the purchase, the director now owns 4,000 shares of the company’s stock, valued at C$96,080. Over the last quarter, insiders have sold 9,424 shares of company stock valued at $946,311.

Equitable Group Company Profile

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates (GICs), high interest savings accounts (HISAs), tax-free savings accounts, and institutional deposit notes.

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