National Bank Financial Increases Equitable Group (EQB) Price Target to C$77.00

Equitable Group (TSE:EQB) had its target price boosted by equities researchers at National Bank Financial from C$73.00 to C$77.00 in a note issued to investors on Tuesday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 11.76% from the company’s previous close.

Several other brokerages have also recently commented on EQB. TD Securities increased their price target on Equitable Group from C$78.00 to C$80.00 and gave the company a “buy” rating in a research report on Tuesday. CIBC increased their price target on Equitable Group from C$86.00 to C$90.00 in a research report on Tuesday. Cormark increased their price target on Equitable Group from C$76.00 to C$85.00 in a research report on Tuesday. Royal Bank of Canada increased their price target on Equitable Group from C$69.00 to C$77.00 and gave the company a “sector perform” rating in a research report on Friday, November 9th. Finally, BMO Capital Markets increased their price target on Equitable Group from C$65.00 to C$80.00 and gave the company an “outperform” rating in a research report on Monday, August 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$79.43.

TSE EQB traded down C$1.36 during trading hours on Tuesday, hitting C$68.90. 22,567 shares of the company traded hands, compared to its average volume of 29,233. Equitable Group has a twelve month low of C$52.01 and a twelve month high of C$72.98.

In other news, insider Timothy James Wilson sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of C$70.85, for a total value of C$212,550.00. Also, Director Ronald Walter Tratch sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of C$71.00, for a total value of C$177,500.00. Over the last ninety days, insiders sold 7,000 shares of company stock valued at $489,800.

About Equitable Group

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Its deposit products include guaranteed investment certificates (GICs), high interest savings accounts (HISAs), and deposit notes. The company also provides single family lending services, such as loans secured by owner-occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos through a range of products, such as mortgages, home equity lines of credit, and equity release mortgages; and commercial lending products that include mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plaza, professional office, and industrial properties.

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Analyst Recommendations for Equitable Group (TSE:EQB)

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