Equitable Group Inc. (EQB) Price Target Raised to C$70.00 at RBC Capital Markets
Equitable Group Inc. (TSE:EQB) had its price target upped by research analysts at RBC Capital Markets from C$64.00 to C$70.00 in a research note issued to investors on Friday. RBC Capital Markets’ price target suggests a potential upside of 15.32% from the company’s previous close.
A number of other brokerages have also recently issued reports on EQB. TD Securities reaffirmed a “buy” rating and set a C$71.00 target price on shares of Equitable Group in a research report on Thursday, January 5th. Scotiabank decreased their target price on Equitable Group from C$69.00 to C$66.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 14th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$61.00 target price on shares of Equitable Group in a research report on Tuesday, December 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$70.20.
Equitable Group (TSE:EQB) traded up 12.69% during mid-day trading on Friday, reaching $68.40. 110,574 shares of the company’s stock traded hands. The stock has a market capitalization of $1.07 billion and a PE ratio of 8.70. The firm’s 50-day moving average price is $60.62 and its 200 day moving average price is $58.26. Equitable Group has a 12 month low of $46.70 and a 12 month high of $69.49.
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In other Equitable Group news, Director Rajesh Raut sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of C$60.63, for a total transaction of C$30,315.00.
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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