Shares of Equitable Group Inc. (TSE:EQB) have earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$156.67.
A number of equities analysts recently commented on the stock. Cormark boosted their price objective on shares of Equitable Group from C$140.00 to C$160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 5th. BMO Capital Markets raised shares of Equitable Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$138.00 to C$170.00 in a research note on Thursday, May 6th. National Bank Financial increased their price objective on Equitable Group to C$174.00 and gave the company a “sector perform” rating in a report on Wednesday, May 5th. Raymond James boosted their target price on Equitable Group from C$147.00 to C$148.00 and gave the stock an “outperform” rating in a research note on Thursday, May 6th. Finally, TD Securities upped their target price on Equitable Group from C$155.00 to C$160.00 and gave the company a “buy” rating in a research report on Wednesday, May 5th.
TSE:EQB traded up C$0.81 during trading hours on Wednesday, reaching C$146.46. The company’s stock had a trading volume of 20,399 shares, compared to its average volume of 29,585. The company has a market capitalization of C$2.48 billion and a P/E ratio of 9.50. Equitable Group has a 12 month low of C$51.48 and a 12 month high of C$148.81. The stock has a 50 day moving average price of C$129.70 and a two-hundred day moving average price of C$113.00.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, March 12th. Equitable Group’s dividend payout ratio is presently 9.57%.
In related news, Director Eric Marshall Beutel sold 1,100 shares of Equitable Group stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of C$141.00, for a total transaction of C$155,100.00. Following the completion of the sale, the director now owns 3,400 shares of the company’s stock, valued at C$479,400. Also, Senior Officer Andrew Moor sold 1,000 shares of Equitable Group stock in a transaction dated Monday, March 1st. The stock was sold at an average price of C$139.60, for a total value of C$139,600.00. Following the sale, the insider now directly owns 45,987 shares of the company’s stock, valued at approximately C$6,419,785.20. In the last three months, insiders sold 6,206 shares of company stock valued at $878,051.
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, high interest savings accounts, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions.
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