Equitable Group Inc. (EQB) Price Target Cut to C$72.00

Equitable Group Inc. (TSE:EQB) had its target price dropped by analysts at Laurentian Bank of Canada from C$74.00 to C$72.00 in a report released on Monday. Laurentian Bank of Canada’s target price would suggest a potential upside of 14.89% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Scotiabank lifted their target price on Equitable Group from C$64.00 to C$68.00 and gave the company a “sector perform” rating in a research note on Monday. CIBC set a C$75.00 target price on Equitable Group and gave the company an “outperform” rating in a research note on Monday, September 25th. TD Securities cut their target price on Equitable Group from C$71.00 to C$68.00 in a research note on Monday, August 14th. National Bank Financial lifted their target price on Equitable Group from C$65.00 to C$68.00 and gave the company a “sector perform” rating in a research note on Friday, November 10th. Finally, Royal Bank Of Canada lifted their target price on Equitable Group from C$61.00 to C$68.00 and gave the company a “sector perform” rating in a research note on Friday, November 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$71.86.

Equitable Group (EQB) opened at C$62.67 on Monday. Equitable Group has a 12-month low of C$36.15 and a 12-month high of C$74.66.

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In other news, insider Andrew Moor sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$54.28, for a total value of C$271,400.00. Also, insider Isabelle Farella sold 487 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of C$63.09, for a total value of C$30,724.83. Insiders sold a total of 10,807 shares of company stock worth $599,310 in the last three months.

About Equitable Group

Equitable Group Inc is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands.

Analyst Recommendations for Equitable Group (TSE:EQB)

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