Equitable Group (TSE:EQB) Stock Price Crosses Below 50-Day Moving Average of $111.11

Equitable Group Inc. (TSE:EQB) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $111.11 and traded as low as $106.47. Equitable Group shares last traded at $107.49, with a volume of 11,158 shares.

Several equities analysts have weighed in on EQB shares. BMO Capital Markets lifted their target price on Equitable Group from C$125.00 to C$130.00 in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price target on shares of Equitable Group from C$120.00 to C$137.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. National Bank Financial raised their price target on shares of Equitable Group from C$125.00 to C$129.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, TD Securities boosted their price objective on shares of Equitable Group from C$125.00 to C$130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

The business’s 50 day simple moving average is C$110.73 and its 200-day simple moving average is C$102.33. The company has a market cap of $1.81 billion and a price-to-earnings ratio of 9.75.

Equitable Group (TSE:EQB) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$3.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$3.17 by C$0.01. The company had revenue of C$127.85 million during the quarter, compared to analyst estimates of C$128.70 million. Equities analysts predict that Equitable Group Inc. will post 13.3999994 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.35 per share. This is a boost from Equitable Group’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, December 12th. This represents a $1.40 dividend on an annualized basis and a yield of 1.29%. Equitable Group’s dividend payout ratio (DPR) is presently 12.62%.

In other Equitable Group news, Senior Officer Timothy James Wilson sold 3,000 shares of Equitable Group stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$115.00, for a total value of C$345,000.00. Following the completion of the sale, the insider now directly owns 15,540 shares in the company, valued at C$1,787,100. Also, Senior Officer Andrew Moor sold 900 shares of Equitable Group stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$111.40, for a total transaction of C$100,260.00. Following the completion of the sale, the insider now owns 35,699 shares of the company’s stock, valued at C$3,976,868.60. Insiders sold 17,034 shares of company stock worth $1,926,849 in the last 90 days.

About Equitable Group (TSE:EQB)

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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