Equitable Group (EQB) Price Target Increased to C$73.00 by Analysts at National Bank Financial
Equitable Group (TSE:EQB) had its target price upped by National Bank Financial from C$68.00 to C$73.00 in a research report report published on Friday morning. The firm currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Equitable Group’s Q4 2018 earnings at $2.65 EPS, FY2019 earnings at $10.70 EPS and FY2020 earnings at $11.20 EPS.
Other equities analysts have also issued reports about the company. TD Securities upped their target price on Equitable Group from C$75.00 to C$77.00 and gave the company a buy rating in a research note on Monday, August 13th. BMO Capital Markets upped their target price on Equitable Group from C$65.00 to C$80.00 and gave the company an outperform rating in a research note on Monday, August 13th. Finally, Royal Bank of Canada upped their target price on Equitable Group from C$66.00 to C$74.00 and gave the company a sector perform rating in a research note on Friday, August 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of C$75.00.
Equitable Group stock traded up C$0.46 during trading on Friday, hitting C$67.61. The company’s stock had a trading volume of 61,600 shares, compared to its average volume of 28,518. Equitable Group has a 1-year low of C$52.01 and a 1-year high of C$72.98.
In other Equitable Group news, Director Ronald Walter Tratch sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of C$71.00, for a total transaction of C$177,500.00. Also, insider Timothy James Wilson sold 2,000 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of C$63.50, for a total value of C$127,000.00. In the last three months, insiders have sold 24,659 shares of company stock valued at $1,631,358.
Equitable Group Company Profile
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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