Equitable Group (EQB) Price Target Raised to C$94.00

Equitable Group (TSE:EQB) had its price objective lifted by CIBC from C$92.00 to C$94.00 in a research report report published on Friday, BayStreet.CA reports.

Several other brokerages have also recently commented on EQB. 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. 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. Finally, TD Securities cut Equitable Group from a buy rating to a hold rating and decreased their target price for the stock from C$82.00 to C$80.00 in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of C$85.67.

Shares of Equitable Group stock opened at C$73.08 on Friday. The firm has a market capitalization of $1.21 billion and a PE ratio of 7.56. Equitable Group 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.71 by C($0.05). The firm had revenue of C$94.12 million during the quarter, compared to analyst estimates of C$99.60 million. Research analysts expect that Equitable Group will post 12.4100003490155 EPS for the current year.

In related news, Senior Officer Timothy James Wilson sold 2,000 shares of Equitable Group stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$70.35, for a total transaction of C$140,700.00. Following the completion of the sale, the insider now owns 23,540 shares of the company’s stock, valued at C$1,656,039. Also, Senior Officer Isabelle Farella sold 487 shares of Equitable Group stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$68.71, for a total value of C$33,461.77. Following the sale, the insider now directly owns 1,149 shares of the company’s stock, valued at approximately C$78,947.79. In the last three months, insiders have sold 5,272 shares of company stock valued at $362,629.

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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Analyst Recommendations for Equitable Group (TSE:EQB)

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