Equitable Group (TSE:EQB) Rating Increased to Outperform at National Bank Financial

National Bank Financial upgraded shares of Equitable Group (TSE:EQB) from a sector perform rating to an outperform rating in a report published on Wednesday morning, BayStreet.CA reports. They currently have C$95.00 price target on the stock, up from their prior price target of C$75.00. National Bank Financial also issued estimates for Equitable Group’s FY2020 earnings at $9.93 EPS.

Other equities analysts have also issued reports about the company. TD Securities dropped their target price on Equitable Group from C$85.00 to C$75.00 and set a buy rating for the company in a research note on Sunday, May 17th. Cormark dropped their target price on Equitable Group from C$15.50 to C$15.00 in a research note on Tuesday, April 7th. Raymond James reiterated a market perform rating on shares of Equitable Group in a research note on Wednesday, June 24th. Scotiabank upped their target price on Equitable Group from C$81.00 to C$83.00 in a research note on Monday, June 15th. Finally, Royal Bank of Canada upped their target price on Equitable Group from C$60.00 to C$71.00 in a research note on Friday, July 17th.

TSE EQB opened at C$77.53 on Wednesday. Equitable Group has a fifty-two week low of C$44.57 and a fifty-two week high of C$121.87. The stock has a market cap of $1.30 billion and a price-to-earnings ratio of 7.05. The business has a fifty day moving average of C$70.95 and a 200-day moving average of C$77.51.

Equitable Group (TSE:EQB) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$1.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$3.04 by C($1.34). The firm had revenue of C$124.89 million during the quarter. As a group, analysts forecast that Equitable Group will post 12.1000005 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Monday, September 14th. Equitable Group’s dividend payout ratio (DPR) is presently 12.91%.

In other Equitable Group news, Senior Officer Andrew Moor sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of C$72.71, for a total transaction of C$181,775.00. Following the completion of the sale, the insider now owns 43,252 shares of the company’s stock, valued at C$3,144,852.92.

Equitable Group Company Profile

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.

Read More: Catch-Up Contributions

Receive News & Ratings for Equitable Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable Group and related companies with MarketBeat.com's FREE daily email newsletter.