IBI Group Inc (TSE:IBG) Director Michael Joseph Nobrega Acquires 6,200 Shares

IBI Group Inc (TSE:IBG) Director Michael Joseph Nobrega bought 6,200 shares of the company’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of C$5.01 per share, with a total value of C$31,049.60. Following the completion of the purchase, the director now owns 25,000 shares of the company’s stock, valued at approximately C$125,200.

Shares of IBG traded down C$0.03 on Tuesday, reaching C$4.94. 9,880 shares of the company’s stock were exchanged, compared to its average volume of 27,218. 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 market cap of $157.69 million and a PE ratio of 10.14. The stock’s 50 day simple moving average is C$5.10. IBI Group Inc has a 12 month low of C$3.67 and a 12 month high of C$5.75.

A number of equities analysts have weighed in on the stock. TD Securities boosted their target price on shares of IBI Group from C$6.00 to C$6.50 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. National Bank Financial boosted their target price on shares of IBI Group from C$7.50 to C$8.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Raymond James reissued an “outperform” rating and set a C$7.50 price target on shares of IBI Group in a research note on Monday.

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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