Equitable Group Inc. (EQB) Given a C$69.00 Price Target at Scotiabank
Equitable Group Inc. (TSE:EQB) has been given a C$69.00 price target by analysts at Scotiabank in a note issued to investors on Thursday. The firm currently has a a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 28.47% from the company’s current price.
A number of other equities analysts have also weighed in on EQB. National Bank Financial lifted their price target on shares of Equitable Group from C$69.00 to C$70.00 in a report on Monday, July 25th. TD Securities raised their target price on shares of Equitable Group from C$70.00 to C$72.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Royal Bank Of Canada cut their target price on shares of 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. RBC Capital Markets cut their target price on shares of 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. Finally, Cormark raised shares of Equitable Group from a “market perform” rating to a “buy” rating in a research note on Tuesday, October 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Equitable Group presently has an average rating of “Buy” and a consensus target price of C$67.20.
Equitable Group (TSE:EQB) traded up 2.48% during trading on Thursday, reaching $55.04. 25,109 shares of the company’s stock traded hands. Equitable Group has a 1-year low of $44.73 and a 1-year high of $63.05. The stock has a 50-day moving average price of $53.81 and a 200 day moving average price of $57.04. The stock has a market capitalization of $856.75 million and a P/E ratio of 7.22.
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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