National Bank Financial Boosts Equitable Group Inc. (EQB.TO) (TSE:EQB) Price Target to C$160.00

Equitable Group Inc. (EQB.TO) (TSE:EQB) had its target price upped by research analysts at National Bank Financial from C$138.00 to C$160.00 in a research note issued on Tuesday, BayStreet.CA reports. National Bank Financial’s target price suggests a potential upside of 21.23% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Cormark raised their price objective on Equitable Group Inc. (EQB.TO) from C$100.00 to C$116.00 in a report on Wednesday, November 4th. Scotiabank lifted their target price on Equitable Group Inc. (EQB.TO) from C$94.00 to C$107.00 in a report on Thursday, November 5th. TD Securities lifted their target price on Equitable Group Inc. (EQB.TO) from C$110.00 to C$130.00 and gave the company a “buy” rating in a report on Tuesday, February 9th. Royal Bank of Canada lifted their target price on Equitable Group Inc. (EQB.TO) from C$128.00 to C$150.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$98.00 target price on shares of Equitable Group Inc. (EQB.TO) in a report on Tuesday, November 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$128.13.

Shares of EQB stock traded up C$7.91 during mid-day trading on Tuesday, hitting C$131.98. 53,022 shares of the company’s stock were exchanged, compared to its average volume of 25,379. Equitable Group Inc. has a fifty-two week low of C$44.57 and a fifty-two week high of C$134.72. The stock has a 50-day simple moving average of C$109.51 and a two-hundred day simple moving average of C$92.21. The stock has a market cap of C$2.23 billion and a price-to-earnings ratio of 10.97.

In other Equitable Group Inc. (EQB.TO) news, Senior Officer Andrew Moor sold 5,400 shares of the firm’s stock in a transaction dated Friday, December 4th. The stock was sold at an average price of C$98.07, for a total value of C$529,578.00. Following the transaction, the insider now directly owns 31,667 shares of the company’s stock, valued at C$3,105,582.69. Insiders sold 11,500 shares of company stock worth $1,126,736 over the last three months.

About Equitable Group Inc. (EQB.TO)

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 (TFSAs), and institutional deposit notes.

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Analyst Recommendations for Equitable Group Inc. (EQB.TO) (TSE:EQB)

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