Equitable Group (EQB) PT Raised to C$73.00 at National Bank Financial

Equitable Group (TSE:EQB) had its target price raised by analysts at National Bank Financial from C$68.00 to C$73.00 in a research note issued to investors on Friday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 8.53% from the company’s current price.

Other research analysts have also recently issued reports about the company. BMO Capital Markets raised their price objective on Equitable Group from C$65.00 to C$80.00 and gave the company an “outperform” rating in a research note on Monday, August 13th. Royal Bank of Canada raised their price objective on Equitable Group from C$66.00 to C$74.00 and gave the company a “sector perform” rating in a research note on Friday, August 10th. Finally, TD Securities raised their price objective on Equitable Group from C$75.00 to C$77.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Equitable Group has an average rating of “Hold” and a consensus target price of C$75.00.

Shares of TSE:EQB traded up C$0.11 on Friday, reaching C$67.26. 37,962 shares of the company traded hands, compared to its average volume of 28,414. Equitable Group has a 52 week low of C$52.01 and a 52 week high of C$72.98.

Equitable Group (TSE:EQB) last announced its quarterly earnings data on Thursday, August 9th. The company reported C$2.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$2.24 by C$0.21. The company had revenue of C$214.96 million for the quarter, compared to the consensus estimate of C$84.60 million. As a group, analysts anticipate that Equitable Group will post 10.7379371889952 EPS for the current year.

In other news, insider Timothy James Wilson sold 3,000 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of C$70.85, for a total transaction of C$212,550.00. Also, Director Daniel Lee Dickinson sold 5,200 shares of the stock in a transaction dated Monday, August 13th. The stock was sold at an average price of C$64.22, for a total transaction of C$333,944.00. Over the last quarter, insiders have sold 24,659 shares of company stock valued at $1,631,358.

About Equitable Group

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Its deposit products include guaranteed investment certificates (GICs), high interest savings accounts (HISAs), and deposit notes. The company also provides single family lending services, such as loans secured by owner-occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos through a range of products, such as mortgages, home equity lines of credit, and equity release mortgages; and commercial lending products that include mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plaza, professional office, and industrial properties.

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Analyst Recommendations for Equitable Group (TSE:EQB)

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