Brokers Offer Predictions for IBI Group Inc’s Q4 2019 Earnings (TSE:IBG)

IBI Group Inc (TSE:IBG) – Raymond James raised their Q4 2019 earnings estimates for shares of IBI Group in a research report issued to clients and investors on Monday, August 12th. Raymond James analyst F. Bastien now expects that the company will post earnings of $0.13 per share for the quarter, up from their previous forecast of $0.11. Raymond James has a “Outperform” rating and a $7.50 price objective on the stock. Raymond James also issued estimates for IBI Group’s Q1 2020 earnings at $0.15 EPS, Q2 2020 earnings at $0.18 EPS and Q4 2020 earnings at $0.12 EPS.

Other analysts have also issued research reports about the stock. National Bank Financial boosted their target price on shares of IBI Group from C$7.50 to C$8.00 and gave the company an “outperform” rating in a research note on Monday. TD Securities boosted their target price on shares of 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.

IBG stock opened at C$4.69 on Wednesday. The company has a debt-to-equity ratio of 437.20, a current ratio of 2.34 and a quick ratio of 2.18. IBI Group has a 1-year low of C$3.67 and a 1-year high of C$5.75. The firm has a fifty day moving average price of C$5.09 and a two-hundred day moving average price of C$4.90. The firm has a market cap of $149.26 million and a price-to-earnings ratio of 9.71.

In other IBI Group news, Director Michael Joseph Nobrega bought 6,200 shares of the stock in a transaction on Monday, August 12th. The stock was purchased at an average price of C$5.01 per share, for a total transaction of C$31,049.60. Following the completion of the purchase, 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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