Equitable Group (TSE:EQB) had its price target reduced by National Bank Financial from C$120.00 to C$53.00 in a report released on Tuesday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.
Several other brokerages have also weighed in on EQB. Royal Bank of Canada lowered Equitable Group from an outperform rating to an underperform rating and decreased their price objective for the stock from C$142.00 to C$61.00 in a report on Thursday, March 19th. TD Securities decreased their price objective on Equitable Group from C$130.00 to C$120.00 and set a buy rating on the stock in a report on Wednesday, February 26th.
Shares of TSE:EQB opened at C$56.23 on Tuesday. Equitable Group has a 1-year low of C$44.57 and a 1-year high of C$121.87. The firm has a market capitalization of $825.96 million and a PE ratio of 4.70. The business’s 50 day moving average is C$88.42 and its 200-day moving average is C$103.82.
In related news, Senior Officer Joao Da Costa Simoes sold 496 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$86.50, for a total value of C$42,904.00. Following the sale, the insider now owns 3,498 shares of the company’s stock, valued at approximately C$302,577.
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.
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