Equitable Group Inc. (EQB) Receives Consensus Rating of “Buy” from Analysts

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Equitable Group Inc. (TSE:EQB) has been given an average recommendation of “Buy” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$74.13.

EQB has been the topic of a number of analyst reports. National Bank Financial increased their target price on shares of Equitable Group from C$65.00 to C$70.00 in a research report on Friday, August 10th. TD Securities increased their target price on shares of Equitable Group from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. BMO Capital Markets increased their target price on shares of Equitable Group from C$65.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Monday, August 13th. Finally, Royal Bank of Canada increased their target price on shares of Equitable Group from C$66.00 to C$74.00 and gave the stock a “sector perform” rating in a research report on Friday, August 10th.

In other news, Director Daniel Lee Dickinson sold 5,200 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of C$64.22, for a total transaction of C$333,944.00. Also, Director Brian Leland sold 2,538 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of C$64.27, for a total transaction of C$163,117.26. In the last ninety days, insiders have sold 17,659 shares of company stock valued at $1,141,558.

Shares of TSE:EQB opened at C$67.20 on Friday. Equitable Group has a 12-month low of C$51.50 and a 12-month high of C$72.98.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, September 13th.

Equitable Group Company Profile

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Its deposit products include guaranteed investment certificates (GICs), high interest savings accounts (HISAs), and deposit notes. The company also provides single family lending services, such as loans secured by owner-occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos through a range of products, such as mortgages, home equity lines of credit, and equity release mortgages; and commercial lending products that include mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plaza, professional office, and industrial properties.

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Analyst Recommendations for Equitable Group (TSE:EQB)

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