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Equitable (EQB) Gets a Hold Rating from RBC Capital


Shares of Equitable (EQB) were revisited by a Wall Street analyst today. The company received a Hold rating from RBC Capital’s analyst Geoffrey Kwan, with a C$77 price target.

According to TipRanks.com, Kwan is a 3-star analyst with an average return of 2.3% and a 45.2% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, IGM Financial, and Sprott Inc.

Currently, the analyst consensus on Equitable is a Moderate Buy with an average price target of C$74.75, which is a 10.9% upside from current levels. In a report issued on October 30, National Bank also maintained a Hold rating on the stock with a C$68 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$67.41.