Equitable Group (TSE:EQB) PT Raised to C$13.00

Equitable Group (TSE:EQB) had its target price upped by equities research analysts at National Bankshares from C$12.50 to C$13.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential downside of 82.42% from the company’s previous close.

Several other research firms have also recently commented on EQB. Scotiabank lowered their price target on shares of Equitable Group from C$172.00 to C$86.00 in a report on Wednesday, November 3rd. National Bank Financial upped their target price on shares of Equitable Group to C$93.00 and gave the company an “outperform” rating in a report on Wednesday, October 27th. TD Securities upped their target price on shares of Equitable Group from C$87.00 to C$95.00 and gave the company a “buy” rating in a report on Wednesday, November 3rd. Raymond James upped their target price on shares of Equitable Group from C$80.50 to C$88.50 and gave the company an “outperform” rating in a report on Thursday, November 4th. Finally, Royal Bank of Canada upgraded shares of Equitable Group from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from C$91.00 to C$88.00 in a report on Tuesday, January 4th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Equitable Group currently has a consensus rating of “Buy” and an average price target of C$89.81.

TSE EQB traded down C$0.55 on Friday, hitting C$73.93. 12,769 shares of the stock were exchanged, compared to its average volume of 61,344. Equitable Group has a fifty-two week low of C$51.17 and a fifty-two week high of C$84.78. The company has a market cap of C$2.52 billion and a PE ratio of 9.07. The company has a 50-day moving average price of C$73.96 and a 200-day moving average price of C$115.60.

Equitable Group (TSE:EQB) last posted its quarterly earnings results on Tuesday, November 2nd. The company reported C$4.14 EPS for the quarter, topping the consensus estimate of C$2.03 by C$2.11. The firm had revenue of C$162.10 million for the quarter, compared to analyst estimates of C$160.88 million. Analysts forecast that Equitable Group will post 8.890001 EPS for the current fiscal year.

In related news, Senior Officer Andrew Moor sold 9,900 shares of the stock in a transaction on Thursday, November 18th. The shares were sold at an average price of C$79.20, for a total transaction of C$784,080.00. Following the completion of the sale, the insider now owns 50,844 shares in the company, valued at approximately C$4,026,844.80. In the last quarter, insiders have sold 12,900 shares of company stock valued at $1,024,580.

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, high interest savings accounts, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions.

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Analyst Recommendations for Equitable Group (TSE:EQB)

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