Equitable Group Inc. (EQB) Price Target Cut to C$61.00 by Analysts at RBC Capital Markets
Equitable Group Inc. (TSE:EQB) had its target price reduced by RBC Capital Markets from C$66.00 to C$61.00 in a report published on Thursday. RBC Capital Markets currently has a sector perform rating on the stock.
EQB has been the subject of several other research reports. National Bank Financial upped their price target on shares of Equitable Group from C$70.00 to C$74.00 and gave the stock an outperform rating in a research report on Monday, August 15th. Scotiabank boosted their price objective 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 boosted their price objective on shares of Equitable Group from C$70.00 to C$72.00 and gave the stock a buy rating in a research note on Friday, August 12th. 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Equitable Group has a consensus rating of Hold and a consensus price target of C$68.20.
Shares of Equitable Group (TSE:EQB) traded down 4.53% during midday trading on Thursday, reaching $51.02. 80,825 shares of the company traded hands. Equitable Group has a 12 month low of $44.73 and a 12 month high of $63.05. The firm has a market capitalization of $794.18 million and a P/E ratio of 6.70. The company has a 50 day moving average of $59.31 and a 200 day moving average of $57.15.
The business 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. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.57%.
Equitable Group Company Profile
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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