Daniel Lee Dickinson Sells 3,000 Shares of Equitable Group Inc. (EQB) Stock

Equitable Group Inc. (TSE:EQB) Director Daniel Lee Dickinson sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$71.15, for a total value of C$213,450.00. Following the completion of the transaction, the director now directly owns 654 shares in the company, valued at C$46,532.10.

Shares of EQB opened at C$71.91 on Thursday. The company has a market cap of $1.18 billion and a P/E ratio of 7.38. Equitable Group Inc. has a 12-month low of C$53.85 and a 12-month high of C$74.76.

Equitable Group (TSE:EQB) last issued its earnings results on Thursday, February 28th. The company reported C$2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.71 by C($0.05). The company had revenue of C$94.12 million during the quarter, compared to the consensus estimate of C$99.60 million. On average, equities analysts forecast that Equitable Group Inc. will post 12.6099995887703 earnings per share for the current fiscal year.

EQB has been the topic of several research reports. TD Securities raised their target price on Equitable Group from C$80.00 to C$82.00 in a research report on Tuesday, February 5th. Royal Bank of Canada raised their target price on Equitable Group from C$75.00 to C$83.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. CIBC reissued an “average” rating and issued a C$92.00 target price on shares of Equitable Group in a research report on Friday, March 1st. National Bank Financial raised their target price on Equitable Group from C$77.00 to C$83.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Finally, BMO Capital Markets raised their target price on Equitable Group from C$80.00 to C$85.00 in a research report on Monday, May 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$85.67.

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About Equitable Group

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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