Equitable Group (TSE:EQB) had its price objective increased by National Bank Financial from C$68.00 to C$70.00 in a research note published on Thursday morning. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Equitable Group’s Q4 2017 earnings at $2.27 EPS, FY2017 earnings at $9.30 EPS, FY2018 earnings at $9.13 EPS and FY2019 earnings at $9.75 EPS.
A number of other brokerages have also issued reports on EQB. Laurentian Bank of Canada decreased their target price on shares of Equitable Group from C$74.00 to C$72.00 in a research report on Monday, November 13th. Scotiabank raised their target price on shares of Equitable Group from C$64.00 to C$68.00 and gave the stock a sector perform rating in a research report on Monday, November 13th. TD Securities raised their target price on shares of Equitable Group from C$71.00 to C$74.00 in a research report on Monday, November 13th. Laurentian decreased their target price on shares of Equitable Group from C$74.00 to C$72.00 in a research report on Monday, November 13th. Finally, CIBC raised their target price on shares of Equitable Group from C$75.00 to C$81.00 in a research report on Monday, November 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of C$72.14.
Shares of Equitable Group (TSE:EQB) traded down C$1.84 on Thursday, hitting C$67.25. 2,261 shares of the stock were exchanged, compared to its average volume of 28,900. Equitable Group has a fifty-two week low of C$36.15 and a fifty-two week high of C$74.66. The stock has a market cap of $1,140.00, a PE ratio of 7.20 and a beta of 1.05.
Equitable Group (TSE:EQB) last issued its quarterly earnings data on Thursday, November 9th. The company reported C$2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.97 by C$0.24. Equitable Group had a net margin of 45.00% and a return on equity of 14.61%.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.49%. This is a positive change from Equitable Group’s previous quarterly dividend of $0.24. Equitable Group’s dividend payout ratio (DPR) is 9.59%.
In other Equitable Group news, insider Isabelle Farella sold 487 shares of Equitable Group stock in a transaction on Monday, November 13th. The shares were sold at an average price of C$63.09, for a total value of C$30,724.83. Also, Director Daniel Ruch sold 4,000 shares of Equitable Group stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of C$70.62, for a total transaction of C$282,480.00. In the last 90 days, insiders have sold 6,792 shares of company stock worth $472,341.
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About Equitable Group
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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