Equitable (EQB), the Financial sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst Phil Hardie from Scotiabank rated Equitable (EQB) a Hold, setting a C$77 price target.
According to TipRanks.com, Hardie is a 4-star analyst with an average return of 3.9% and a 57.5% 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, a 12.1% 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 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 Monday at C$68.
