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National Bank Keeps a Hold Rating on Equitable (EQB)


A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. National Bank’s analyst Jaeme Gloyn reiterates their Hold rating on the shares of Equitable (EQB), with a C$77 price target.

According to TipRanks.com, Gloyn is ranked #2959 out of 5142 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equitable with a C$80.80 average price target, implying a 16.8% upside from current levels. In a report released yesterday, Scotiabank also reiterated a Hold rating on the stock with a C$80 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$69.19.