Equitable (TSX: EQB), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Geoffrey Kwan from RBC Capital rated Equitable (TSX: EQB) a Hold, setting a C$74 price target.
According to TipRanks.com, Kwan is ranked #2135 out of 4850 analysts.
Currently, the analyst consensus on Equitable is a Moderate Buy with an average price target of C$73.
Based on Equitable’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$40.17 million. In comparison, last year the company had a net profit of C$38.91 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$64.30.
