Equitable Group (TSE:EQB) had its price target raised by TD Securities from C$78.00 to C$80.00 in a report published on Tuesday. The firm currently has a buy rating on the stock.
EQB has been the topic of several other research reports. National Bank Financial lowered their price objective on Equitable Group from C$70.00 to C$68.00 and set a sector perform rating on the stock in a research report on Tuesday, October 30th. Royal Bank of Canada lifted their price target on Equitable Group from C$69.00 to C$77.00 and gave the stock a sector perform rating in a research report on Friday, November 9th. Cormark lifted their price target on Equitable Group from C$76.00 to C$85.00 in a research report on Tuesday. CIBC lifted their price target on Equitable Group from C$86.00 to C$90.00 in a research report on Tuesday. Finally, BMO Capital Markets lifted their price target on Equitable Group from C$65.00 to C$80.00 and gave the stock an outperform rating in a research report on Monday, August 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Equitable Group currently has an average rating of Hold and an average price target of C$79.43.
Shares of TSE:EQB opened at C$62.70 on Tuesday. Equitable Group has a twelve month low of C$52.01 and a twelve month high of C$72.98.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Friday, December 14th will be issued a $0.28 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.79%. This is a positive change from Equitable Group’s previous quarterly dividend of $0.27. Equitable Group’s payout ratio is presently 10.84%.
In other news, Director Ronald Walter Tratch sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of C$71.00, for a total value of C$177,500.00. Also, insider Timothy James Wilson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of C$70.85, for a total value of C$212,550.00.
About Equitable Group
Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Its deposit products include guaranteed investment certificates (GICs), high interest savings accounts (HISAs), and deposit notes. The company also provides single family lending services, such as loans secured by owner-occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos through a range of products, such as mortgages, home equity lines of credit, and equity release mortgages; and commercial lending products that include mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plaza, professional office, and industrial properties.
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