Equitable Group (TSE:EQB) had its price objective upped by equities research analysts at Royal Bank of Canada from C$96.00 to C$106.00 in a research note issued on Wednesday, July 31st, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 11.25% from the company’s current price.
Several other research analysts also recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Equitable Group from C$80.00 to C$85.00 in a research note on Monday, May 13th. CIBC upped their price objective on shares of Equitable Group from C$94.00 to C$97.00 in a research note on Tuesday, July 30th. National Bank Financial upped their price objective on shares of Equitable Group from C$77.00 to C$83.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Finally, TD Securities upped their price objective on shares of Equitable Group from C$83.00 to C$84.00 and gave the company a “hold” rating in a research note on Monday, May 13th.
EQB stock traded down C$1.78 during trading on Wednesday, hitting C$95.28. The stock had a trading volume of 23,000 shares, compared to its average volume of 31,140. The company’s 50 day moving average price is C$84.80 and its two-hundred day moving average price is C$73.36. Equitable Group has a 1-year low of C$56.12 and a 1-year high of C$98.04. The stock has a market cap of $1.59 billion and a price-to-earnings ratio of 8.90.
Equitable Group Company Profile
Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates (GICs), high interest savings accounts (HISAs), tax-free savings accounts, and institutional deposit notes.
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