Does Equitable Group Inc. Have Any Gas After Today’s Huge Decline?

 Does Equitable Group Inc. Have Any Gas After Today's Huge Decline?

The stock of Equitable Group Inc. (TSE:EQB) is a huge mover today! About 47,990 shares traded hands. Equitable Group Inc. (TSE:EQB) has risen 5.99% since April 7, 2016 and is uptrending. It has underperformed by 0.16% the S&P500.
The move comes after 9 months negative chart setup for the $812.40M company. It was reported on Nov, 11 by Barchart.com. We have $48.06 PT which if reached, will make TSE:EQB worth $48.74 million less.

Equitable Group Inc. (TSE:EQB) Ratings Coverage

Out of 4 analysts covering Equitable Group Inc. (TSE:EQB), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Equitable Group Inc. has been the topic of 10 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Monday, August 17, the company rating was upgraded by TD Securities. Scotia Capital maintained Equitable Group Inc. (TSE:EQB) rating on Friday, August 14. Scotia Capital has “Sector Perform” rating and $70 price target.

Another recent and important Equitable Group Inc. (TSE:EQB) news was published by Valuewalk.com which published an article titled: “Marc Cohodes is short Equitable Group, Canadian housing and Home Capital Group” on October 06, 2016.

Equitable Group Inc. is a financial services firm that operates through its subsidiary, Equitable Bank . The company has a market cap of $812.40 million. The Bank provides mortgage loans to a range of clients that include business-for-self borrowers, newcomers to Canada and commercial real estate investors. It has a 6.71 P/E ratio. It also provides savers with various saving options that offer security and competitive interest rates, including guaranteed investment certificates (GICs), high interest savings accounts (HISAs) and deposit notes.

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