A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. TD Securities’ analyst Graham Ryding reiterates their Buy rating on the shares of Equitable (EQB), with a C$80 price target.
According to TipRanks.com, Ryding is a 4-star analyst with an average return of 9.3% and a 67.9% success rate. Ryding covers the Financial sector, focusing on stocks such as Canaccord Genuity, IGM Financial, and Sprott Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equitable with a C$80.80 average price target, representing a 17.2% upside. In a report released yesterday, CIBC also reiterated a Buy rating on the stock with a C$90 price target.
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Based on Equitable’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$47.81 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 Tuesday at C$68.92.
