Equitable Group (TSE:EQB) Price Target Lowered to C$85.00 at Raymond James

Equitable Group (TSE:EQBGet Rating) had its price objective dropped by Raymond James from C$88.50 to C$85.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 32.87% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Scotiabank boosted their target price on shares of Equitable Group from C$94.00 to C$95.00 in a research report on Thursday, February 17th. TD Securities boosted their target price on shares of Equitable Group from C$95.00 to C$99.00 and gave the company a “buy” rating in a research note on Thursday, February 17th. National Bankshares set a C$95.00 price target on Equitable Group and gave the stock an “outperform” rating in a research note on Thursday, February 17th. National Bank Financial upped their price objective on shares of Equitable Group to C$13.00 and gave the stock an “outperform” rating in a report on Friday, January 14th. Finally, Royal Bank of Canada upped their price target on shares of Equitable Group from C$88.00 to C$96.00 and gave the company an “outperform” rating in a report on Wednesday, February 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Equitable Group currently has a consensus rating of “Buy” and an average target price of C$102.25.

Shares of EQB traded down C$2.88 during mid-day trading on Monday, reaching C$63.97. 125,762 shares of the company’s stock were exchanged, compared to its average volume of 88,024. Equitable Group has a 52-week low of C$60.06 and a 52-week high of C$84.78. The company has a 50-day simple moving average of C$73.87 and a two-hundred day simple moving average of C$84.91. The company has a market cap of C$2.18 billion and a price-to-earnings ratio of 7.67.

Equitable Group (TSE:EQBGet Rating) last announced its quarterly earnings results on Monday, February 7th. The company reported C$2.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$2.10 by C$0.22. The company had revenue of C$171.86 million during the quarter, compared to analyst estimates of C$167.10 million. On average, equities research analysts predict that Equitable Group will post 10.2117661 EPS for the current fiscal year.

In other Equitable Group news, Senior Officer Andrew Moor sold 4,100 shares of the stock in a transaction on Thursday, February 10th. The stock was sold at an average price of C$77.64, for a total transaction of C$318,324.00. Following the completion of the transaction, the insider now directly owns 79,629 shares in the company, valued at C$6,182,395.56. Also, Senior Officer Joao Da Costa Simoes sold 3,180 shares of the stock in a transaction on Friday, February 18th. The stock was sold at an average price of C$77.80, for a total value of C$247,404.00. Following the transaction, the insider now owns 5,716 shares of the company’s stock, valued at C$444,704.80. Insiders have sold 14,890 shares of company stock valued at $1,152,361 over the last quarter.

Equitable Group Company Profile (Get Rating)

Equitable Group Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions.

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Analyst Recommendations for Equitable Group (TSE:EQB)

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