Equitable Group Inc. (EQB) Receives Consensus Rating of “Buy” from Analysts
Equitable Group Inc. (TSE:EQB) has been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the company. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$68.20.
Several research analysts recently issued reports on EQB shares. National Bank Financial raised their target price on shares of Equitable Group from C$69.00 to C$70.00 in a report on Monday, July 25th. TD Securities raised their target price on shares of Equitable Group from C$70.00 to C$72.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Cormark raised shares of Equitable Group from a “market perform” rating to a “buy” rating in a report on Tuesday. RBC Capital Markets reduced their target price on shares of Equitable Group from C$66.00 to C$61.00 and set a “sector perform” rating for the company in a report on Thursday, October 6th. Finally, Royal Bank Of Canada reduced their target price on shares of Equitable Group from C$66.00 to C$61.00 and set a “sector perform” rating for the company in a report on Thursday, October 6th.
Shares of Equitable Group (TSE:EQB) traded down 0.75% on Wednesday, reaching $54.40. 19,640 shares of the company traded hands. The company has a 50-day moving average of $58.13 and a 200-day moving average of $57.38. The stock has a market capitalization of $846.79 million and a price-to-earnings ratio of 7.14. Equitable Group has a 1-year low of $44.73 and a 1-year high of $63.05.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors 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 yield of 1.53%.
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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