TD Securities downgraded shares of Equitable Group (TSE:ETC) from a buy rating to a hold rating in a report issued on Friday, Analyst Ratings Network.com reports. They currently have C$55.00 target price on the stock, up from their previous target price of C$52.00.
TD Securities has also taken action a number of other stocks recently. The firm downgraded shares of Barrick Gold Corp from a buy rating to a hold rating. Their analysts now have a $21.00 price target on that stock, down previously from $25.00. Also, TD Securities raised its price target on shares of Descartes Systems Group from C$13.00 to C$15.00. They have a buy rating on that stock. Finally, TD Securities downgraded shares of CAE from a buy rating to a hold rating. Their analysts now have a $13.00 price target on that stock, down previously from $13.50.
Equitable Group (TSE:ETC) remained flat at $43.75 during trading on Friday. Equitable Group has a 52 week low of $29.26 and a 52 week high of $45.89. The stock’s 50-day moving average is $41.82 and its 200-day moving average is $38.26. The company has a market cap of $696.0 million and a price-to-earnings ratio of 8.15.
ETC has been the subject of a number of other recent research reports. Analysts at National Bank Financial raised their price target on shares of Equitable Group from C$52.00 to C$64.00 in a research note to investors on Wednesday, November 6th. They now have an outperform rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Equitable Group from C$47.00 to C$54.00 in a research note to investors on Monday, October 28th. They now have a sector perform rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Equitable Group from C$45.00 to C$53.00 in a research note to investors on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of C$53.33.
Equitable Group Inc (TSE:ETC) is a Canada-based mortgage lender that provides loans secured by first mortgages and by Canada Mortgage and Housing Corporation (CMHC) insured mortgages, through its wholly owned subsidiary, The Equitable Trust Company (Equitable Trust).
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