Equitable Group Inc. (EQB) Raised to Buy at Cormark
Equitable Group Inc. (TSE:EQB) was upgraded by Cormark from a “market perform” rating to a “buy” rating in a report released on Tuesday.
Other research analysts have also recently issued research reports about the company. National Bank Financial increased their price objective on Equitable Group from C$69.00 to C$70.00 in a research note on Monday, July 25th. Scotiabank increased their target price on Equitable Group from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research report on Monday, August 15th. TD Securities increased their target price on Equitable Group from C$70.00 to C$72.00 and gave the company a “buy” rating in a research report on Friday, August 12th. RBC Capital Markets dropped their target price on Equitable Group from C$66.00 to C$61.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 6th. Finally, Royal Bank Of Canada dropped their target price on Equitable Group from C$66.00 to C$61.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$68.20.
Shares of Equitable Group (TSE:EQB) traded up 1.79% during mid-day trading on Tuesday, hitting $54.15. The company had a trading volume of 145,940 shares. The company has a market capitalization of $842.90 million and a price-to-earnings ratio of 7.11. The company has a 50-day moving average price of $58.28 and a 200-day moving average price of $57.35. Equitable Group has a 1-year low of $44.73 and a 1-year high of $63.05.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, October 3rd were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.84 annualized dividend and a dividend yield of 1.58%.
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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