In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Equitable (EQB – Research Report). Analyst Nik Priebe from BMO Capital reiterated a Buy rating, with a C$85 price target on May 12.
Priebe has an average return of 23.2% when recommending Equitable.
According to TipRanks.com, Priebe is ranked #1938 out of 5190 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Equitable with a C$87.33 average price target, a 22.9% upside from current levels. In a report issued on May 13, RBC Capital also reiterated a Buy rating on the stock with a C$85 price target.
Based on Equitable’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$41.66 million. In comparison, last year the company had a net profit of C$40.17 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$71.04.