National Bank Financial Boosts Equitable Group Inc. (EQB) Price Target to C$68.00
Equitable Group Inc. (TSE:EQB) had its target price hoisted by National Bank Financial from C$65.00 to C$68.00 in a report issued on Friday 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 $2.19 EPS, FY2017 earnings at $9.12 EPS and FY2018 earnings at $8.95 EPS.
Several other equities research analysts have also recently issued reports on the company. CIBC set a C$75.00 target price on Equitable Group and gave the stock an outperform rating in a research note on Monday, September 25th. TD Securities cut their target price on Equitable Group from C$71.00 to C$68.00 in a research note on Monday, August 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Equitable Group currently has a consensus rating of Hold and an average target price of C$71.86.
Shares of Equitable Group (TSE EQB) opened at C$63.28 on Friday. Equitable Group has a fifty-two week low of C$36.15 and a fifty-two week high of C$74.66.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.25 per share. This is a boost from Equitable Group’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 1.58%. Equitable Group’s dividend payout ratio (DPR) is 9.28%.
In other Equitable Group news, insider Andrew Moor sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$54.28, for a total transaction of C$271,400.00. Also, insider Timothy James Wilson sold 1,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of C$56.02, for a total value of C$56,020.00. In the last three months, insiders have sold 10,320 shares of company stock valued at $568,585.
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.
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