TD Securities Raises IBI Group (TSE:IBG) Price Target to C$7.00

Share on StockTwits

IBI Group (TSE:IBG) had its target price upped by TD Securities from C$6.50 to C$7.00 in a research note released on Monday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

IBG has been the subject of a number of other reports. Raymond James restated a strong-buy rating and issued a C$8.50 price target on shares of IBI Group in a research note on Monday. National Bank Financial raised their price target on IBI Group from C$7.50 to C$8.00 and gave the company an outperform rating in a research note on Monday, August 12th.

IBG stock traded down C$0.04 during mid-day trading on Monday, reaching C$5.85. The company had a trading volume of 115,350 shares, compared to its average volume of 24,087. The company has a debt-to-equity ratio of 437.20, a current ratio of 2.34 and a quick ratio of 2.18. The stock has a 50 day simple moving average of C$4.97 and a two-hundred day simple moving average of C$5.05. The company has a market capitalization of $159.87 million and a price-to-earnings ratio of 12.21. IBI Group has a 52 week low of C$3.67 and a 52 week high of C$5.90.

In related news, Director Dale Elson Richmond purchased 10,400 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was purchased at an average cost of C$5.33 per share, for a total transaction of C$55,432.00. Following the completion of the purchase, the director now directly owns 46,000 shares in the company, valued at C$245,180. Also, insider IBI Group Management Partnership purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was bought at an average price of C$5.17 per share, with a total value of C$25,850.00. Following the completion of the purchase, the insider now owns 447,846 shares of the company’s stock, valued at C$2,315,363.82. Over the last 90 days, insiders acquired 26,900 shares of company stock valued at $138,518.

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.

Recommended Story: What is quantitative easing?

Receive News & Ratings for IBI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBI Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.