Equitable Group (EQB) Price Target Increased to C$84.00 by Analysts at TD Securities

Equitable Group (TSE:EQB) had its target price upped by TD Securities from C$83.00 to C$84.00 in a research note released on Monday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. CIBC increased their price objective on shares of Equitable Group from C$92.00 to C$94.00 in a research report on Friday, May 10th. National Bank Financial increased their price objective on shares of Equitable Group from C$77.00 to C$83.00 and gave the stock a sector perform rating in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada increased their price objective on shares of Equitable Group from C$75.00 to C$83.00 and gave the stock a sector perform rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Equitable Group has a consensus rating of Hold and a consensus target price of C$85.67.

EQB stock opened at C$72.49 on Monday. Equitable Group has a 52-week low of C$53.85 and a 52-week high of C$74.76. The firm has a market cap of $1.21 billion and a PE ratio of 7.43.

Equitable Group (TSE:EQB) last posted its quarterly earnings data on Thursday, February 28th. The company reported C$2.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.71 by C($0.05). The firm had revenue of C$94.12 million for the quarter, compared to the consensus estimate of C$99.60 million. On average, sell-side analysts forecast that Equitable Group will post 12.6099995887703 EPS for the current fiscal year.

In other Equitable Group news, Senior Officer Isabelle Farella sold 487 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$68.71, for a total value of C$33,461.77. Following the completion of the sale, the insider now directly owns 1,149 shares in the company, valued at C$78,947.79. Also, Senior Officer Timothy James Wilson sold 2,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$70.35, for a total transaction of C$140,700.00. Following the completion of the sale, the insider now owns 23,540 shares of the company’s stock, valued at C$1,656,039. Over the last quarter, insiders have sold 6,077 shares of company stock valued at $421,764.

Equitable Group Company Profile

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, and institutional deposit notes.

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Analyst Recommendations for Equitable Group (TSE:EQB)

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