Equitable Group Inc. (EQB) Given Consensus Rating of “Buy” by Brokerages
Equitable Group Inc. (TSE:EQB) has received an average recommendation of “Buy” from the six research firms that are currently covering the stock. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$67.20.
A number of analysts have weighed in on the company. TD Securities upped their target price on Equitable Group from C$72.00 to C$74.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Scotiabank increased their price objective on Equitable Group from C$69.00 to C$71.00 and gave the company a “sector perform” rating in a report on Tuesday, September 13th. RBC Capital Markets decreased their price objective on Equitable Group from C$66.00 to C$61.00 and set a “sector perform” rating for the company in a report on Thursday, October 6th. Royal Bank Of Canada decreased their price objective on Equitable Group from C$66.00 to C$61.00 and set a “sector perform” rating for the company in a report on Thursday, October 6th. Finally, National Bank Financial increased their price objective 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.
Shares of Equitable Group (TSE:EQB) traded up 2.20% during mid-day trading on Wednesday, hitting $58.04. The company had a trading volume of 24,040 shares. The company has a market capitalization of $905.71 million and a price-to-earnings ratio of 7.38. The company has a 50-day moving average price of $53.48 and a 200-day moving average price of $56.98. Equitable Group has a 1-year low of $44.73 and a 1-year high of $63.05.
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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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