IBI Group (TSE:IBG) had its price target upped by investment analysts at Raymond James from C$15.00 to C$17.50 in a research note issued to investors on Monday, Analyst Price Targets reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 40.00% from the company’s previous close.
A number of other brokerages also recently commented on IBG. Acumen Capital reaffirmed a “buy” rating on shares of IBI Group in a research report on Tuesday, November 9th. Laurentian Bank of Canada reissued a “buy” rating on shares of IBI Group in a research report on Tuesday, November 9th. National Bankshares raised their price target on IBI Group from C$15.00 to C$20.00 in a report on Wednesday, January 5th. Pi Financial reaffirmed a “buy” rating on shares of IBI Group in a report on Tuesday, November 9th. Finally, TD Securities raised their price target on IBI Group from C$13.50 to C$15.50 and gave the stock a “buy” rating in a report on Monday, November 8th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$17.13.
TSE:IBG traded down C$0.10 on Monday, hitting C$12.50. The stock had a trading volume of 61,173 shares, compared to its average volume of 51,449. The business’s fifty day moving average is C$13.33 and its 200 day moving average is C$11.98. The company has a market cap of C$391.53 million and a PE ratio of 23.75. The company has a quick ratio of 1.83, a current ratio of 1.97 and a debt-to-equity ratio of 156.23. IBI Group has a 52 week low of C$8.83 and a 52 week high of C$14.14.
IBI Group (TSE:IBG) last issued its quarterly earnings data on Thursday, November 4th. The company reported C$0.21 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.03. The company had revenue of C$109.60 million during the quarter, compared to analysts’ expectations of C$107.05 million. Equities analysts predict that IBI Group will post 0.82 earnings per share for the current fiscal year.
About IBI Group
IBI Group Inc provides various professional services in Canada, the United States, the United Kingdom, and internationally. Its professional services include urban design and planning, architecture, civil engineering, transportation engineering, traffic engineering, systems engineering, urban geography, real estate analysis, landscape architecture, communications engineering, software development, and other consulting services.