Equitable Group (EQB) Price Target Raised to C$77.00 at Royal Bank of Canada
Equitable Group (TSE:EQB) had its target price raised by Royal Bank of Canada from C$69.00 to C$77.00 in a research note published on Friday. The brokerage currently has a sector perform rating on the stock.
A number of other equities research analysts have also issued reports on EQB. National Bank Financial upped their price objective on shares of Equitable Group from C$62.00 to C$65.00 and gave the company a c$61.15 rating in a report on Monday, July 23rd. TD Securities upped their price objective on shares of Equitable Group from C$75.00 to C$77.00 and gave the company a buy rating in a report on Monday, August 13th. Finally, BMO Capital Markets upped their price objective on shares of Equitable Group from C$65.00 to C$80.00 and gave the company an outperform rating in a report on Monday, August 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of C$75.00.
Shares of EQB traded up C$0.46 during mid-day trading on Friday, reaching C$67.61. The stock had a trading volume of 61,600 shares, compared to its average volume of 28,518. Equitable Group has a 52-week low of C$52.01 and a 52-week high of C$72.98.
In other Equitable Group news, insider Timothy James Wilson sold 2,000 shares of the stock in a transaction dated Friday, August 17th. The shares were sold at an average price of C$63.50, for a total transaction of C$127,000.00. Also, Director Brian Leland sold 2,538 shares of the stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of C$64.27, for a total transaction of C$163,117.26. In the last ninety days, insiders have sold 24,659 shares of company stock valued at $1,631,358.
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.
Recommended Story: What is a Reverse Stock Split?
Receive News & Ratings for Equitable Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable Group and related companies with MarketBeat.com's FREE daily email newsletter.