Scotiabank Reaffirms “Sector Perform” Rating for Equitable Group Inc. (EQB)
EQB has been the topic of a number of other research reports. Royal Bank Of Canada lowered their price objective on Equitable Group from C$66.00 to C$61.00 and set a sector perform rating on the stock in a research note on Thursday, October 6th. Cormark raised Equitable Group from a market perform rating to a buy rating in a report on Tuesday, October 18th. TD Securities raised their target price on Equitable Group from C$72.00 to C$74.00 and gave the company a buy rating in a report on Tuesday, September 13th. National Bank Financial raised their target price on Equitable Group from C$70.00 to C$74.00 and gave the company an outperform rating in a report on Monday, August 15th. Finally, RBC Capital Markets reduced their target price on Equitable Group from C$66.00 to C$61.00 and set a sector perform rating on the stock in a report on Thursday, October 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Equitable Group presently has an average rating of Buy and an average price target of C$67.00.
Shares of Equitable Group (TSE:EQB) opened at 53.73 on Friday. The company has a market cap of $836.36 million and a P/E ratio of 7.05. Equitable Group has a 52-week low of $44.73 and a 52-week high of $63.05. The stock’s 50 day moving average price is $53.97 and its 200-day moving average price is $57.07.
About Equitable Group
Equitable Group Inc is a financial services company that operates through its subsidiary, Equitable Bank (the Bank). The Bank provides mortgage loans to a range of customers that include business-for-self borrowers, newcomers to Canada and commercial real estate investors. It also provides savers with various saving options that offer security and competitive interest rates, including guaranteed investment certificates (GICs), high interest savings accounts (HISAs) and deposit notes.
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