Raymond James Reiterates “Outperform” Rating for IBI Group (TSE:IBG)

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Raymond James reiterated their outperform rating on shares of IBI Group (TSE:IBG) in a report issued on Monday morning, BayStreet.CA reports. They currently have a C$7.50 price objective on the stock. Raymond James also issued estimates for IBI Group’s Q4 2019 earnings at $0.13 EPS, Q1 2020 earnings at $0.15 EPS, Q2 2020 earnings at $0.18 EPS and Q4 2020 earnings at $0.12 EPS.

Separately, TD Securities boosted their price target on IBI Group from C$6.00 to C$6.50 and gave the company a buy rating in a research note on Tuesday, May 14th.

IBI Group stock opened at C$4.69 on Monday. The business has a 50-day simple moving average of C$5.09 and a two-hundred day simple moving average of C$4.90. The company has a market cap of $149.26 million and a P/E ratio of 9.71. IBI Group has a 52-week low of C$3.67 and a 52-week high of C$5.75. The company has a quick ratio of 2.18, a current ratio of 2.34 and a debt-to-equity ratio of 437.20.

In related news, Director Michael Joseph Nobrega acquired 6,200 shares of the stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of C$5.01 per share, with a total value of C$31,049.60. Following the transaction, the director now directly owns 25,000 shares in the company, valued at C$125,200.

About IBI Group

IBI Group Inc provides various professional services in Canada, the United States, the United Kingdom, and internationally. Its professional services include 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.

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