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

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

EQB has been the subject of a number of other research reports. Scotiabank decreased 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 raised their target price on shares of Equitable Group to C$93.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. Royal Bank of Canada raised shares of Equitable Group from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$91.00 to C$88.00 in a report on Tuesday, January 4th. Raymond James raised their target price on shares of Equitable Group from C$80.50 to C$88.50 and gave the stock an “outperform” rating in a report on Thursday, November 4th. Finally, TD Securities raised their target price on shares of Equitable Group from C$87.00 to C$95.00 and gave the stock a “buy” rating in a report on Wednesday, November 3rd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$89.81.

Shares of TSE EQB traded down C$0.55 during midday trading on Friday, reaching C$73.93. The company had a trading volume of 12,769 shares, compared to its average volume of 61,344. The business’s 50-day simple moving average is C$73.96 and its 200 day simple moving average is C$115.60. The stock has a market cap of C$2.52 billion and a P/E ratio of 9.07. Equitable Group has a 1 year low of C$51.17 and a 1 year high of C$84.78.

Equitable Group (TSE:EQB) last posted its quarterly earnings results on Tuesday, November 2nd. The company reported C$4.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$2.03 by C$2.11. The company had revenue of C$162.10 million during the quarter, compared to analysts’ expectations of C$160.88 million. Equities analysts expect that Equitable Group will post 8.890001 EPS for the current year.

In other Equitable Group news, Senior Officer Andrew Moor sold 9,900 shares of Equitable Group stock in a transaction on Thursday, November 18th. The shares were sold at an average price of C$79.20, for a total value of C$784,080.00. Following the completion of the transaction, the insider now owns 50,844 shares of the company’s stock, valued at C$4,026,844.80. Insiders sold 12,900 shares of company stock valued at $1,024,580 in the last ninety days.

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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