Equitable Group Inc. (TSE:EQB) had its target price decreased by RBC Capital Markets from C$66.00 to C$61.00 in a research note issued on Thursday. The firm presently has a “sector perform” rating on the stock. RBC Capital Markets’ price objective suggests a potential upside of 16.99% from the company’s current price.
A number of other research firms have also recently commented on EQB. Scotiabank lifted their target price on shares of Equitable Group from C$69.00 to C$71.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 13th. TD Securities lifted their target price on shares of Equitable Group from C$72.00 to C$74.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. National Bank Financial lifted their target price on shares of Equitable Group from C$70.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. Finally, Royal Bank Of Canada decreased their price objective on shares of Equitable Group from C$66.00 to C$61.00 and set a “sector perform” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$68.20.
Equitable Group (TSE:EQB) opened at 52.14 on Thursday. Equitable Group has a 12 month low of $44.73 and a 12 month high of $63.05. The company has a market cap of $811.61 million and a price-to-earnings ratio of 6.84. The company’s 50 day moving average is $59.07 and its 200-day moving average is $57.16.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, October 3rd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.61%. The ex-dividend date was Tuesday, September 13th.
About Equitable Group
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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