FY2017 EPS Estimates for Equitable Group Inc. (EQB) Raised by Analyst
Equitable Group Inc. (TSE:EQB) – Stock analysts at National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for Equitable Group in a research note issued to investors on Thursday. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $9.12 for the year, up from their prior estimate of $8.75. National Bank Financial has a “Sector Perform” rating and a $68.00 price target on the stock. National Bank Financial also issued estimates for Equitable Group’s Q4 2017 earnings at $2.19 EPS and FY2018 earnings at $8.95 EPS.
A number of other equities research analysts have also weighed in on EQB. TD Securities reduced their price objective on shares of Equitable Group from C$71.00 to C$68.00 in a report on Monday, August 14th. CIBC set a C$75.00 price objective on shares of Equitable Group and gave the company an “outperform” rating in a report on Monday, September 25th. Finally, Royal Bank Of Canada increased their target price on shares of Equitable Group from C$61.00 to C$68.00 and gave the company a “sector perform” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$68.00.
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Shares of Equitable Group (TSE EQB) opened at C$62.27 on Monday. Equitable Group has a fifty-two week low of C$36.15 and a fifty-two week high of C$74.66.
In other news, Director Johanne Brossard bought 1,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average price of C$56.65 per share, with a total value of C$56,650.00. Also, insider Andrew Moor sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$54.28, for a total transaction of C$271,400.00. Insiders have sold a total of 10,320 shares of company stock worth $568,585 over the last three months.
About Equitable Group
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.
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