Equitable Group Inc. (EQB) PT Raised to C$68.00 at Royal Bank Of Canada

Equitable Group Inc. (TSE:EQB) had its price objective lifted by Royal Bank Of Canada from C$61.00 to C$68.00 in a research note issued on Friday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 9.20% from the company’s previous close.

A number of other analysts have also commented on the company. CIBC set a C$75.00 price target on Equitable Group and gave the company an “outperform” rating in a report on Monday, September 25th. TD Securities cut their price target on Equitable Group from C$71.00 to C$68.00 in a report on Monday, August 14th. Finally, National Bank Financial boosted their price target on Equitable Group from C$65.00 to C$68.00 and gave the company a “sector perform” rating in a report on Friday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$68.00.

Shares of Equitable Group (EQB) opened at C$62.27 on Friday. Equitable Group has a twelve month low of C$36.15 and a twelve month high of C$74.66.

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In related news, insider Andrew Moor sold 1,600 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$55.59, for a total transaction of C$88,944.00. Also, insider Timothy James Wilson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of C$56.02, for a total value of C$56,020.00. Over the last 90 days, insiders sold 10,420 shares of company stock worth $574,188.

About Equitable Group

Equitable Group Inc is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands.

Analyst Recommendations for Equitable Group (TSE:EQB)

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