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

Raymond James reissued their outperform rating on shares of IBI Group (TSE:IBG) in a research report report published on Monday morning, BayStreet.CA reports. They currently have a C$7.50 target price 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 target price on IBI Group from C$6.00 to C$6.50 and gave the company a buy rating in a research report on Tuesday, May 14th.

TSE IBG opened at C$4.69 on Monday. The company has a market cap of $149.26 million and a P/E ratio of 9.71. The company has a debt-to-equity ratio of 437.20, a quick ratio of 2.18 and a current ratio of 2.34. The business’s 50 day moving average price is C$5.09 and its 200-day moving average price is C$4.90. IBI Group has a fifty-two week low of C$3.67 and a fifty-two week high of C$5.75.

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