Royal Bank of Canada Increases Equitable Group Inc. (EQB.TO) (TSE:EQB) Price Target to C$150.00

Equitable Group Inc. (EQB.TO) (TSE:EQB) had its price objective raised by equities researchers at Royal Bank of Canada from C$128.00 to C$150.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 13.65% from the company’s current price.

Several other equities research analysts have also recently weighed in on EQB. National Bank Financial increased their price target on shares of Equitable Group Inc. (EQB.TO) from C$110.00 to C$138.00 in a research report on Monday, January 25th. Raymond James raised their target price on shares of Equitable Group Inc. (EQB.TO) from C$89.75 to C$104.00 and gave the stock a “market perform” rating in a research report on Thursday, November 5th. Cormark raised their target price on shares of Equitable Group Inc. (EQB.TO) from C$100.00 to C$116.00 in a research report on Wednesday, November 4th. Scotiabank increased their price target on shares of Equitable Group Inc. (EQB.TO) from C$94.00 to C$107.00 in a research note on Thursday, November 5th. Finally, TD Securities raised their price target on shares of Equitable Group Inc. (EQB.TO) from C$110.00 to C$130.00 and gave the company a “buy” rating in a report on Tuesday, February 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Equitable Group Inc. (EQB.TO) currently has a consensus rating of “Buy” and an average target price of C$128.13.

Shares of Equitable Group Inc. (EQB.TO) stock traded up C$7.91 during trading on Tuesday, reaching C$131.98. The company’s stock had a trading volume of 53,022 shares, compared to its average volume of 25,379. Equitable Group Inc. has a 52-week low of C$44.57 and a 52-week high of C$134.72. The company has a market cap of C$2.23 billion and a price-to-earnings ratio of 10.90. The firm’s 50-day moving average is C$109.51 and its two-hundred day moving average is C$92.21.

In related news, Senior Officer Andrew Moor sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of C$98.07, for a total value of C$529,578.00. Following the transaction, the insider now owns 31,667 shares of the company’s stock, valued at C$3,105,582.69. In the last three months, insiders sold 11,500 shares of company stock worth $1,126,736.

Equitable Group Inc. (EQB.TO) Company Profile

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 (TFSAs), and institutional deposit notes.

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Analyst Recommendations for Equitable Group Inc. (EQB.TO) (TSE:EQB)

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