CIBC Believes Equitable (EQB) Still Has Room to Grow


The Financial sector company, Equitable (EQB), has received a rating update from a Wall Street analyst yesterday. Analyst Marco Giurleo from CIBC remains bullish on the stock and has a C$90 price target.

Giurleo has an average return of 13.9% when recommending Equitable.

According to TipRanks.com, Giurleo is ranked #2326 out of 5142 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equitable with a C$77 average price target.

The company has a one-year high of C$72.98 and a one-year low of C$52.01. Currently, Equitable has an average volume of 32.72K.

Equitable Group, Inc. is a holding company, which engages in the provision of financial services. Through its subsidiaries, it offers residential lending, commercial lending, and saving solutions. The company was founded on January 1, 2004 and is headquartered in Toronto, Canada.

The company’s shares closed on Tuesday at C$70.25, close to its 52-week high of C$72.98.

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