Equitable Group Inc. (EQB) Given New C$81.00 Price Target at CIBC

Equitable Group Inc. (TSE:EQB) had its price objective hoisted by CIBC from C$75.00 to C$81.00 in a report published on Monday.

EQB has been the topic of several other research reports. National Bank Financial upped their price objective on shares of Equitable Group from C$65.00 to C$68.00 and gave the company a sector perform rating in a research note on Friday. Royal Bank Of Canada upped their price objective on shares of Equitable Group from C$61.00 to C$68.00 and gave the company a sector perform rating in a research note on Friday. Finally, TD Securities dropped their price objective on shares of Equitable Group from C$71.00 to C$68.00 in a research note on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of C$71.86.

Equitable Group (TSE EQB) traded up C$1.01 during mid-day trading on Monday, hitting C$63.28. 27,283 shares of the stock were exchanged, compared to its average volume of 58,347. Equitable Group has a twelve month low of C$36.15 and a twelve month high of C$74.66.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.25 per share. This is a positive change from Equitable Group’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. Equitable Group’s dividend payout ratio is 9.28%.

In related news, insider Andrew Moor sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$54.28, for a total transaction of C$271,400.00. Also, Director Brian Leland sold 1,000 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of C$56.10, for a total transaction of C$56,100.00. Over the last ninety days, insiders have sold 10,807 shares of company stock valued at $599,310.

About Equitable Group

Equitable Group Inc is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands.

Analyst Recommendations for Equitable Group (TSE:EQB)

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