Equitable Group (TSE:EQB) PT Raised to C$129.00

Equitable Group (TSE:EQB) had its price target boosted by National Bank Financial from C$125.00 to C$129.00 in a report issued on Thursday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Equitable Group’s FY2021 earnings at $14.47 EPS.

Other research analysts have also issued research reports about the company. BMO Capital Markets lifted their price target on Equitable Group from C$125.00 to C$130.00 in a research report on Wednesday. Royal Bank of Canada lifted their price target on Equitable Group from C$120.00 to C$137.00 and gave the stock an outperform rating in a research report on Wednesday. TD Securities lifted their price target on Equitable Group from C$125.00 to C$130.00 and gave the stock a buy rating in a research report on Wednesday. Finally, CIBC lifted their price target on Equitable Group from C$94.00 to C$97.00 in a research report on Tuesday, July 30th.

EQB opened at C$113.31 on Thursday. The firm has a market cap of $1.92 billion and a P/E ratio of 10.58. Equitable Group has a 12 month low of C$57.85 and a 12 month high of C$121.87. The stock has a 50-day moving average of C$108.44 and a 200 day moving average of C$87.43.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Equitable Group’s previous quarterly dividend of $0.33. Equitable Group’s payout ratio is 10.83%.

In other Equitable Group news, Senior Officer Andrew Moor sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$97.50, for a total transaction of C$48,750.00. Following the completion of the transaction, the insider now owns 22,399 shares in the company, valued at C$2,183,902.50. Also, Director David Malcolm Balfour Legresley bought 4,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were acquired at an average price of C$24.02 per share, with a total value of C$96,080.00. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at C$96,080. Insiders have sold 9,424 shares of company stock valued at $946,311 in the last 90 days.

Equitable Group Company Profile

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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