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.
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.
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