Equitable Group Inc. (EQB) Price Target Cut to C$68.00 by Analysts at TD Securities

Equitable Group Inc. (TSE:EQB) had its price target decreased by analysts at TD Securities from C$71.00 to C$68.00 in a research note issued to investors on Monday. TD Securities’ price target suggests a potential upside of 21.95% from the company’s previous close.

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A number of other equities research analysts have also weighed in on the stock. National Bank Financial lowered shares of Equitable Group from an “outperform market weight” rating to an “underperform market weight” rating in a report on Thursday, April 27th. Royal Bank Of Canada lowered their price objective on shares of Equitable Group from C$70.00 to C$53.00 and set a “sector perform” rating for the company in a report on Wednesday, May 3rd. Finally, Scotiabank lowered their price objective on shares of Equitable Group from C$71.00 to C$61.00 and set a “sector perform” rating for the company in a report on Tuesday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$61.75.

Equitable Group (TSE:EQB) opened at 55.76 on Monday. The company has a market cap of $918.37 million and a P/E ratio of 5.84. Equitable Group has a 1-year low of $36.15 and a 1-year high of $74.66. The stock’s 50 day moving average is $57.04 and its 200 day moving average is $59.20.

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Equitable Group Company Profile

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.