Equitable Group (TSE:EQB) PT Raised to C$98.00 at TD Securities

Equitable Group (TSE:EQB) had its target price lifted by equities research analysts at TD Securities from C$88.00 to C$98.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 7.40% from the company’s previous close.

Several other equities research analysts also recently weighed in on EQB. National Bank Financial upped their price target on Equitable Group from C$88.00 to C$90.00 and gave the stock a “sector perform” rating in a report on Wednesday. Royal Bank of Canada upped their price objective on Equitable Group from C$96.00 to C$106.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets upped their price objective on Equitable Group from C$90.00 to C$105.00 in a research report on Thursday. Finally, CIBC upped their price objective on Equitable Group from C$94.00 to C$97.00 in a research report on Tuesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$96.83.

TSE EQB traded down C$0.95 during trading hours on Thursday, hitting C$91.25. 84,403 shares of the company were exchanged, compared to its average volume of 29,466. The company’s 50 day simple moving average is C$74.18. Equitable Group has a 52-week low of C$56.12 and a 52-week high of C$94.00. The firm has a market capitalization of $1.53 billion and a price-to-earnings ratio of 9.35.

Equitable Group (TSE:EQB) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$2.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.77 by C($0.05). The business had revenue of C$112.24 million during the quarter, compared to the consensus estimate of C$110.70 million. On average, equities analysts predict that Equitable Group will post 12.7799992 earnings per share for the current fiscal year.

In other news, Director Brian Leland sold 1,936 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$72.50, for a total transaction of C$140,360.00. Following the completion of the transaction, the director now directly owns 402 shares of the company’s stock, valued at approximately C$29,145. Also, Senior Officer Isabelle Farella sold 805 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$73.46, for a total value of C$59,135.30. Following the transaction, the insider now directly owns 1,149 shares of the company’s stock, valued at C$84,405.54. Over the last ninety days, insiders have sold 7,741 shares of company stock valued at $558,345.

About Equitable Group

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates (GICs), high interest savings accounts (HISAs), tax-free savings accounts, and institutional deposit notes.

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Analyst Recommendations for Equitable Group (TSE:EQB)

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