Equitable Group (TSE:EQB) Price Target Cut to C$85.00

Equitable Group (TSE:EQBGet Rating) had its target price cut by equities research analysts at National Bankshares from C$95.00 to C$85.00 in a research report issued on Tuesday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 42.00% from the company’s current price.

A number of other research analysts have also weighed in on EQB. Raymond James dropped their price objective on shares of Equitable Group from C$88.50 to C$85.00 and set an “outperform” rating on the stock in a research note on Monday, April 11th. National Bank Financial boosted 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. TD Securities boosted their price objective on shares of Equitable Group from C$95.00 to C$99.00 and gave the stock a “buy” rating in a report on Thursday, February 17th. Royal Bank of Canada boosted their price objective on shares of Equitable Group from C$88.00 to C$96.00 and gave the stock an “outperform” rating in a report on Wednesday, February 16th. Finally, Scotiabank lowered their price objective on shares of Equitable Group from C$103.00 to C$94.00 in a report on Wednesday, April 13th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$100.88.

Shares of Equitable Group stock traded down C$1.58 during trading hours on Tuesday, reaching C$59.86. The company’s stock had a trading volume of 54,674 shares, compared to its average volume of 89,981. Equitable Group has a one year low of C$59.86 and a one year high of C$84.78. The company has a market capitalization of C$2.04 billion and a P/E ratio of 7.18. The stock’s fifty day simple moving average is C$71.40 and its two-hundred day simple moving average is C$78.65.

Equitable Group (TSE:EQBGet Rating) last released its quarterly earnings data on Monday, February 7th. The company reported C$2.32 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.10 by C$0.22. The business had revenue of C$171.86 million during the quarter, compared to the consensus estimate of C$167.10 million. As a group, equities analysts forecast that Equitable Group will post 10.1900006 earnings per share for the current year.

In other Equitable Group news, Senior Officer Andrew Moor sold 1,300 shares of Equitable Group stock in a transaction dated Friday, February 25th. The stock was sold at an average price of C$77.51, for a total value of C$100,763.00. Following the transaction, the insider now owns 78,329 shares in the company, valued at C$6,071,280.79. Also, Senior Officer Joao Da Costa Simoes sold 3,180 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 5,716 shares of the company’s stock, valued at approximately C$444,704.80. Insiders have sold a total of 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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