Shares of Equitable Group Inc. (TSE:EQB – Get Rating) have received an average recommendation of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$73.21.
A number of brokerages have recently issued reports on EQB. Raymond James boosted their price target on shares of Equitable Group from C$85.00 to C$86.50 and gave the stock an “outperform” rating in a research report on Thursday. TD Securities dropped their price target on shares of Equitable Group from C$85.00 to C$80.00 and set a “buy” rating on the stock in a research report on Thursday. National Bankshares boosted their price target on shares of Equitable Group from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a research report on Thursday. Scotiabank dropped their price target on shares of Equitable Group from C$94.00 to C$79.00 in a research report on Monday, May 9th. Finally, Cormark dropped their price target on shares of Equitable Group from C$105.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday, April 28th.
In other Equitable Group news, Director Ronald Walter Tratch sold 6,310 shares of the business’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of C$77.00, for a total transaction of C$485,870.00. Following the completion of the sale, the director now owns 3,023 shares in the company, valued at approximately C$232,771. Also, Senior Officer Andrew Moor sold 1,300 shares of the business’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of C$77.51, for a total transaction of C$100,763.00. Following the sale, the insider now owns 78,329 shares of the company’s stock, valued at approximately C$6,071,280.79. Insiders sold a total of 10,790 shares of company stock valued at $834,037 in the last quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.97%. This is a positive change from Equitable Group’s previous quarterly dividend of $0.28. Equitable Group’s payout ratio is currently 8.85%.
Equitable Group Company Profile (Get Rating)
Equitable Group Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking 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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