Equitable Group Inc. (EQB) Price Target Raised to C$74.00

Equitable Group Inc. (TSE:EQB) had its price target raised by TD Securities from C$71.00 to C$74.00 in a report released on Monday.

Several other analysts have also commented on EQB. Laurentian cut their price objective on Equitable Group from C$74.00 to C$72.00 in a report on Monday. National Bank Financial boosted their price target on Equitable Group from C$65.00 to C$68.00 and gave the company a sector perform rating in a report on Friday, November 10th. CIBC boosted their price target on Equitable Group from C$75.00 to C$81.00 in a report on Monday. Finally, Royal Bank Of Canada boosted their price target on Equitable Group from C$61.00 to C$68.00 and gave the company a sector perform rating in a report on Friday, November 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of C$71.86.

Shares of Equitable Group (TSE:EQB) opened at C$63.32 on Monday. Equitable Group has a fifty-two week low of C$36.15 and a fifty-two week high of C$74.66.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. This is an increase from Equitable Group’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 14th. Equitable Group’s payout ratio is presently 9.59%.

In related news, insider Andrew Moor sold 1,600 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$55.59, for a total value of C$88,944.00. Also, Director Brian Leland sold 1,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$56.10, for a total value of C$56,100.00. Insiders sold 10,807 shares of company stock worth $599,310 over the last 90 days.

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.

Analyst Recommendations for Equitable Group (TSE:EQB)

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