Equitable Group (TSE:EQB) Upgraded at TD Securities

Equitable Group (TSE:EQB) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Friday, BayStreet.CA reports. The firm currently has a C$125.00 target price on the stock, up from their previous target price of C$98.00. TD Securities’ price target indicates a potential upside of 15.68% from the stock’s previous close.

EQB has been the subject of a number of other reports. BMO Capital Markets lifted their price objective on 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 objective on Equitable Group from C$96.00 to C$106.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. National Bank Financial lifted their price objective on Equitable Group from C$88.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Finally, CIBC lifted their price objective on Equitable Group from C$94.00 to C$97.00 in a research report on Tuesday, July 30th.

Shares of Equitable Group stock traded up C$3.74 during trading on Friday, reaching C$108.06. The company’s stock had a trading volume of 70,077 shares, compared to its average volume of 34,992. The stock has a 50-day moving average price of C$100.48 and a two-hundred day moving average price of C$81.09. The stock has a market capitalization of $1.73 billion and a P/E ratio of 10.08. Equitable Group has a one year low of C$56.12 and a one year high of C$110.98.



Equitable Group (TSE:EQB) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$3.18 EPS for the quarter. The firm had revenue of C$121.41 million during the quarter. Sell-side analysts forecast that Equitable Group will post 13.2799995 EPS for the current fiscal year.

In other news, Senior Officer Andrew Moor sold 8,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$96.11, for a total transaction of C$768,880.00. Following the completion of the transaction, the insider now directly owns 18,899 shares in the company, valued at approximately C$1,816,382.89. Also, Director Timothy Paul Charron sold 250 shares of the business’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 transaction, the director now owns 441 shares of the company’s stock, valued at C$45,881.64. Insiders have sold a total of 22,543 shares of company stock valued at $2,180,745 over the last 90 days.

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.

Further Reading: Mutual Funds

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