Equitable Group (TSE:EQB) Given New C$98.00 Price Target at TD Securities

Equitable Group (TSE:EQB) had its price target increased by TD Securities from C$88.00 to C$98.00 in a report published on Thursday, August 1st, Stock Target Advisor reports. The firm currently has a hold rating on the stock.

Several other research analysts also recently weighed in on EQB. BMO Capital Markets increased their price target on shares of Equitable Group from C$90.00 to C$105.00 in a research report on Thursday, August 1st. Royal Bank of Canada raised their target price on shares of Equitable Group from C$96.00 to C$106.00 and gave the company an outperform rating in a research note on Wednesday, July 31st. National Bank Financial raised their target price on shares of Equitable Group from C$88.00 to C$90.00 and gave the company a sector perform rating in a research note on Wednesday, July 31st. Finally, CIBC lifted their price objective on shares of Equitable Group from C$94.00 to C$97.00 in a research note on Tuesday, July 30th.

Shares of Equitable Group stock traded down C$1.78 during mid-day trading on Thursday, hitting C$95.28. 23,000 shares of the stock were exchanged, compared to its average volume of 31,140. Equitable Group has a 12 month low of C$56.12 and a 12 month high of C$98.04. The company has a 50-day simple moving average of C$84.80 and a 200 day simple moving average of C$73.36. The company has a market capitalization of $1.59 billion and a P/E ratio of 8.90.

In related news, Director Brian Leland sold 1,936 shares of Equitable Group stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$72.50, for a total transaction of C$140,360.00. Following the completion of the sale, the director now owns 402 shares in the company, valued at approximately C$29,145. Also, Senior Officer Andrew Moor sold 8,000 shares of Equitable Group stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$96.11, for a total transaction of C$768,880.00. Following the sale, the insider now owns 18,899 shares of the company’s stock, valued at approximately C$1,816,382.89. Insiders sold a total of 17,055 shares of company stock valued at $1,520,194 over the last three months.

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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