Equitable Group (EQB) Given New C$78.00 Price Target at TD Securities

Equitable Group (TSE:EQB) had its price target raised by TD Securities from C$74.00 to C$78.00 in a report published on Friday. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on EQB. National Bank Financial lifted their price objective on shares of Equitable Group from C$68.00 to C$73.00 and gave the stock a sector perform rating in a research note on Friday. BMO Capital Markets lifted their price objective on shares of Equitable Group from C$65.00 to C$80.00 and gave the stock an outperform rating in a research note on Monday, August 13th. Finally, Royal Bank of Canada lifted their price objective on shares of Equitable Group from C$66.00 to C$74.00 and gave the stock a sector perform rating in a research note on Friday, August 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Equitable Group has a consensus rating of Hold and an average price target of C$75.00.

TSE EQB traded up C$0.46 on Friday, reaching C$67.61. The company had a trading volume of 61,600 shares, compared to its average volume of 28,518. Equitable Group has a 12 month low of C$52.01 and a 12 month high of C$72.98.

Equitable Group (TSE:EQB) last issued its quarterly earnings data on Thursday, August 9th. The company reported C$2.45 EPS for the quarter, topping analysts’ consensus estimates of C$2.24 by C$0.21. The business had revenue of C$214.96 million during the quarter, compared to analysts’ expectations of C$84.60 million. On average, equities analysts forecast that Equitable Group will post 10.7379371889952 earnings per share for the current year.

In related news, insider Timothy James Wilson sold 3,000 shares of Equitable Group 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 Equitable Group 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. Insiders sold a total of 24,659 shares of company stock valued at $1,631,358 over the last three months.

Equitable Group Company Profile

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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