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