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Equitable (EQB) Gets a Hold Rating from National Bank


Equitable (EQB), the Financial sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Jaeme Gloyn from National Bank reiterated a Hold rating, with a C$73 price target.

According to TipRanks.com, Gloyn is ranked #2686 out of 4912 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equitable with a C$77 average price target, representing a 13.9% upside. In a report issued on October 25, RBC Capital also reiterated a Hold rating on the stock with a C$69 price target.

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Based on Equitable’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$37.54 million. In comparison, last year the company had a net profit of C$37.87 million.

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 Friday at C$67.61.