Equitable Group (TSE:EQB) Reaches New 12-Month High at $113.05

Equitable Group Inc. (TSE:EQB)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$113.05 and last traded at C$110.44, with a volume of 8891 shares trading hands. The stock had previously closed at C$109.36.

A number of equities analysts have recently commented on EQB shares. BMO Capital Markets lifted their price target on shares of Equitable Group from C$90.00 to C$105.00 in a research report on Thursday, August 1st. Royal Bank of Canada lifted their price target on shares of Equitable Group from C$96.00 to C$106.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. TD Securities upgraded shares of Equitable Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$98.00 to C$125.00 in a research note on Friday, October 11th. CIBC lifted their price target on shares of Equitable Group from C$94.00 to C$97.00 in a research note on Tuesday, July 30th. Finally, National Bank Financial lifted their price target on shares of Equitable Group from C$88.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st.

The company has a market capitalization of $1.85 billion and a P/E ratio of 10.39. The stock has a fifty day simple moving average of C$102.32 and a 200-day simple moving average of C$82.77.

Equitable Group (TSE:EQB) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$3.18 earnings per share (EPS) for the quarter. The company had revenue of C$121.41 million for the quarter. As a group, research analysts forecast that Equitable Group Inc. will post 13.2962249 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, September 12th. This is a boost from Equitable Group’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.18%. Equitable Group’s dividend payout ratio (DPR) is presently 10.83%.

In other news, Director Timothy Paul Charron sold 250 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$104.04, for a total value of C$26,010.00. Following the completion of the transaction, the director now directly owns 441 shares in the company, valued at approximately C$45,881.64. Also, Director Kimberly Kukulowicz sold 4,422 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of C$90.90, for a total value of C$401,959.80. Following the completion of the transaction, the director now owns 1,063 shares of the company’s stock, valued at C$96,626.70. Over the last three months, insiders have sold 22,543 shares of company stock valued at $2,180,745.

Equitable Group Company Profile (TSE:EQB)

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates (GICs), high interest savings accounts (HISAs), tax-free savings accounts, and institutional deposit notes.

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