Equitable Group Inc. (EQB) Price Target Lowered to C$72.00 at Laurentian

Equitable Group Inc. (TSE:EQB) had its price target cut by Laurentian from C$74.00 to C$72.00 in a research note issued to investors on Monday.

Other equities research analysts have also recently issued research reports about the stock. CIBC boosted their target price on shares of Equitable Group from C$75.00 to C$81.00 in a research report on Monday. TD Securities reduced their target price on shares of Equitable Group from C$71.00 to C$68.00 in a research report on Monday, August 14th. Royal Bank Of Canada boosted their target price on shares of Equitable Group from C$61.00 to C$68.00 and gave the company a sector perform rating in a research report on Friday. Finally, National Bank Financial boosted their target price on shares of Equitable Group from C$65.00 to C$68.00 and gave the company a sector perform rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of C$71.86.

Shares of Equitable Group (TSE:EQB) traded up C$1.01 during trading on Monday, hitting C$63.28. 27,283 shares of the stock were exchanged, compared to its average volume of 58,347. Equitable Group has a 52 week low of C$36.15 and a 52 week high of C$74.66.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be given 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 of this dividend is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 1.58%. Equitable Group’s dividend payout ratio is currently 9.28%.

In other Equitable Group news, insider Timothy James Wilson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of C$56.02, for a total transaction of C$56,020.00. Also, insider Andrew Moor sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$54.28, for a total value of C$271,400.00. In the last three months, insiders have sold 10,807 shares of company stock valued at $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.

Analyst Recommendations for Equitable Group (TSE:EQB)

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