Equitable Group Inc. (EQB) Price Target Cut to C$61.00 by Analysts at Royal Bank Of Canada
Equitable Group Inc. (TSE:EQB) had its price target trimmed by Royal Bank Of Canada from C$66.00 to C$61.00 in a report published on Thursday. The firm currently has a sector perform rating on the stock.
Several other research firms have also commented on EQB. TD Securities lifted their price target on Equitable Group from C$72.00 to C$74.00 and gave the stock a buy rating in a research report on Tuesday, September 13th. Scotiabank lifted their price target on Equitable Group from C$68.00 to C$69.00 and gave the stock a sector perform rating in a research report on Monday, August 15th. Finally, National Bank Financial boosted their target price on Equitable Group from C$69.00 to C$70.00 in a research report on Monday, July 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Equitable Group has an average rating of Hold and an average price target of C$68.20.
Equitable Group (TSE:EQB) traded down 4.53% during mid-day trading on Thursday, hitting $51.02. The company had a trading volume of 80,825 shares. The firm has a market capitalization of $794.18 million and a PE ratio of 6.70. Equitable Group has a 1-year low of $44.73 and a 1-year high of $63.05. The company has a 50 day moving average of $59.31 and a 200 day moving average of $57.15.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, October 3rd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.84 annualized dividend and a dividend yield of 1.57%.
About Equitable Group
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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