Yesterday, an analyst has provided a rating update for Equitable (EQB). Analyst Phil Hardie from Scotiabank remains neutral on the stock and has a C$80 price target.
According to TipRanks.com, Hardie is a 3-star analyst with an average return of 2.0% and a 50.4% success rate. Hardie covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Alaris Royalty Corp, and Element Financial.
Currently, the analyst consensus on Equitable is a Moderate Buy with an average price target of C$76.25.
Equitable’s market cap is currently C$1.16B and has a P/E ratio of 7.1. The company has a Price to Book ratio of 0.98.
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 Monday at C$70.26, close to its 52-week high of C$72.98.
