Equitable Group (TSE:EQB) had its target price lifted by research analysts at Cormark from C$76.00 to C$85.00 in a note issued to investors on Tuesday. Cormark’s price target would indicate a potential upside of 26.00% from the stock’s previous close. Cormark also issued estimates for Equitable Group’s Q2 2019 earnings at $2.85 EPS, Q3 2019 earnings at $3.07 EPS, Q4 2019 earnings at $3.17 EPS and FY2019 earnings at $11.92 EPS.
A number of other equities research analysts have also recently issued reports on EQB. National Bank Financial upped their price objective on Equitable Group from C$65.00 to C$70.00 in a research note on Friday, August 10th. Royal Bank of Canada upped their price objective on Equitable Group from C$66.00 to C$74.00 and gave the stock a “sector perform” rating in a research note on Friday, August 10th. TD Securities upped their price objective on Equitable Group from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, BMO Capital Markets upped their price objective on Equitable Group from C$65.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Monday, August 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$79.43.
Shares of Equitable Group stock opened at C$67.46 on Tuesday. Equitable Group has a 12-month low of C$52.01 and a 12-month high of C$72.98.
In related news, Director Ronald Walter Tratch sold 2,500 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of C$71.00, for a total value of C$177,500.00. Also, insider Timothy James Wilson sold 3,000 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of C$70.85, for a total value of C$212,550.00.
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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