CIBC Raises Equitable Group Inc. (EQB) Price Target to C$81.00

Equitable Group Inc. (TSE:EQB) had its price target raised by CIBC from C$75.00 to C$81.00 in a report released on Monday.

Several other research analysts have also weighed in on EQB. TD Securities decreased their price objective on shares of Equitable Group from C$71.00 to C$68.00 in a report on Monday, August 14th. National Bank Financial raised their price objective on shares of Equitable Group from C$65.00 to C$68.00 and gave the stock a sector perform rating in a report on Friday, November 10th. Finally, Royal Bank Of Canada raised their price objective on shares of Equitable Group from C$61.00 to C$68.00 and gave the stock a sector perform rating in a report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of C$71.86.

Equitable Group (EQB) opened at C$63.32 on Monday. Equitable Group has a fifty-two week low of C$36.15 and a fifty-two week high of C$74.66.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Equitable Group’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. Equitable Group’s payout ratio is 9.59%.

In other news, insider Andrew Moor sold 1,600 shares of Equitable Group stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$55.59, for a total value of C$88,944.00. Also, insider Isabelle Farella sold 487 shares of Equitable Group stock in a transaction dated Monday, November 13th. The shares were sold at an average price of C$63.09, for a total transaction of C$30,724.83. Insiders sold a total of 10,807 shares of company stock valued at $599,310 over the last ninety days.

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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