Scotiabank Raises Equitable Group Inc. (EQB) Price Target to C$68.00
Equitable Group Inc. (TSE:EQB) had its price objective upped by Scotiabank from C$64.00 to C$68.00 in a research note released on Monday morning. The brokerage currently has a sector perform rating on the stock.
Several other equities analysts have also commented on EQB. CIBC set a C$75.00 price objective on shares of Equitable Group and gave the stock an outperform rating in a report on Monday, September 25th. TD Securities decreased their price objective on shares of Equitable Group from C$71.00 to C$68.00 in a report on Monday, August 14th. Royal Bank Of Canada upped their price objective on shares of Equitable Group from C$61.00 to C$68.00 and gave the stock a sector perform rating in a report on Friday, November 10th. National Bank Financial upped their price objective on shares of Equitable Group from C$65.00 to C$68.00 and gave the stock a sector perform rating in a report on Friday, November 10th. Finally, Laurentian decreased their price objective on shares of Equitable Group from C$74.00 to C$72.00 in a report on Monday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of C$71.86.
Shares of Equitable Group (TSE:EQB) opened at C$63.95 on Monday. Equitable Group has a one year low of C$36.15 and a one year high of C$74.66.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be issued a $0.25 dividend. This is a positive change from Equitable Group’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, December 14th. Equitable Group’s dividend payout ratio is currently 9.59%.
In other Equitable Group news, Director Brian Leland sold 1,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of C$56.10, for a total transaction of C$56,100.00. Also, insider Andrew Moor sold 1,600 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of C$55.59, for a total transaction of C$88,944.00. Over the last 90 days, insiders sold 10,807 shares of company stock worth $599,310.
About Equitable Group
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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