Equitable Group Inc. (EQB) Upgraded to Buy at Cormark
Equitable Group Inc. (TSE:EQB) was upgraded by research analysts at Cormark from a “market perform” rating to a “buy” rating in a report released on Tuesday.
Other analysts also recently issued research reports about the stock. National Bank Financial lifted 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 lifted their target price on shares of Equitable Group from C$70.00 to C$72.00 and gave the company a “buy” rating in a report on Friday, August 12th. RBC Capital Markets dropped 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. Royal Bank Of Canada dropped 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, Scotiabank lifted their target price on shares of Equitable Group from C$69.00 to C$71.00 and gave the company a “sector perform” rating in a report on Tuesday, September 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$68.20.
Equitable Group (TSE:EQB) traded up 2.86% during trading on Tuesday, hitting $54.72. The company had a trading volume of 177,088 shares. Equitable Group has a 52-week low of $44.73 and a 52-week high of $63.05. The firm’s 50 day moving average is $58.28 and its 200-day moving average is $57.35. The stock has a market capitalization of $851.77 million and a price-to-earnings ratio of 7.18.
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The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, October 3rd were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.84 annualized dividend 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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