Equitable Group Inc. (EQB) Price Target Raised to C$71.00
Equitable Group Inc. (TSE:EQB) had its price objective increased by Scotiabank from C$69.00 to C$71.00 in a research report report published on Tuesday morning. The brokerage currently has a sector perform rating on the stock.
A number of other research firms have also recently issued reports on EQB. National Bank Financial lifted their price target on shares of Equitable Group from C$70.00 to C$74.00 and gave the company an outperform rating in a research note on Monday, August 15th. TD Securities lifted their price target on shares of Equitable Group from C$70.00 to C$72.00 and gave the company a buy rating in a research note on Friday, August 12th.
Shares of Equitable Group (TSE:EQB) opened at 60.25 on Tuesday. The stock has a market cap of $937.85 million and a P/E ratio of 7.91. The stock has a 50 day moving average of $58.81 and a 200 day moving average of $56.63. Equitable Group has a 52 week low of $44.73 and a 52 week high of $63.05.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.84 annualized dividend and a yield of 1.39%.
Equitable Group Company Profile
Equitable Group Inc is a financial services company that operates through its subsidiary, Equitable Bank (the Bank). The Bank provides mortgage loans to a range of customers that include business-for-self borrowers, newcomers to Canada and commercial real estate investors. It also provides savers with various saving options that offer security and competitive interest rates, including guaranteed investment certificates (GICs), high interest savings accounts (HISAs) and deposit notes.
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