Equitable Group (OTCMKTS:EQGPF) Price Target Raised to $150.00 at Royal Bank of Canada

Equitable Group (OTCMKTS:EQGPF) had its target price hoisted by equities researchers at Royal Bank of Canada from $128.00 to $150.00 in a report issued on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 54.71% from the company’s current price.

A number of other brokerages have also recently commented on EQGPF. National Bank Financial reaffirmed an “outperform” rating on shares of Equitable Group in a report on Monday, January 25th. BMO Capital Markets began coverage on shares of Equitable Group in a report on Tuesday, November 24th. They issued a “market perform” rating on the stock. Raymond James raised shares of Equitable Group from a “market perform” rating to an “outperform” rating in a report on Tuesday. Stifel Nicolaus lifted their target price on shares of Equitable Group from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, February 17th. Finally, Scotiabank lifted their target price on shares of Equitable Group from $107.00 to $130.00 and gave the company a “sector perform” rating in a report on Thursday, January 28th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $121.95.

EQGPF stock remained flat at $$96.96 during midday trading on Tuesday. Equitable Group has a one year low of $62.64 and a one year high of $96.96. The company has a fifty day simple moving average of $84.54 and a 200 day simple moving average of $64.86.

About Equitable Group

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates (GICs), high interest savings accounts (HISAs), tax-free savings accounts (TFSAs), and institutional deposit notes.

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Analyst Recommendations for Equitable Group (OTCMKTS:EQGPF)

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