Equitable Group (EQB) Reaches New 1-Year High at $72.03
Equitable Group Inc. (TSE:EQB) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$72.03 and last traded at C$71.95, with a volume of 26826 shares trading hands. The stock had previously closed at C$71.01.
A number of research firms have issued reports on EQB. CIBC restated an “average” rating and set a C$92.00 price target on shares of Equitable Group in a report on Friday, March 1st. Royal Bank of Canada increased their target price on shares of Equitable Group from C$75.00 to C$83.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. Finally, TD Securities cut shares of Equitable Group from a “buy” rating to a “hold” rating and reduced their target price for the company from C$82.00 to C$80.00 in a research note on Monday, March 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Equitable Group currently has a consensus rating of “Hold” and a consensus price target of C$82.83.
The company has a market cap of $1.18 billion and a price-to-earnings ratio of 7.47.
In other Equitable Group news, Senior Officer Jody Lynn Sperling sold 880 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$70.21, for a total transaction of C$61,784.80. Following the completion of the transaction, the insider now owns 691 shares in the company, valued at C$48,515.11. Also, Senior Officer Timothy James Wilson sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of C$70.35, for a total transaction of C$140,700.00. Following the transaction, the insider now owns 23,540 shares of the company’s stock, valued at approximately C$1,656,039. In the last 90 days, insiders have sold 5,272 shares of company stock valued at $362,629.
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About Equitable Group (TSE:EQB)
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.
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