IBI Group (TSE:IBG) Shares Pass Below 200 Day Moving Average of $5.04

IBI Group Inc (TSE:IBG) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.04 and traded as low as $4.96. IBI Group shares last traded at $5.10, with a volume of 10,540 shares.

IBG has been the subject of a number of recent research reports. National Bank Financial boosted their price target 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, August 12th. 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, August 12th.

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 firm has a market capitalization of $159.87 million and a P/E ratio of 10.90. The stock’s 50 day moving average is C$4.91 and its two-hundred day moving average is C$5.04.

IBI Group (TSE:IBG) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.15. The business had revenue of C$96.82 million for the quarter, compared to the consensus estimate of C$93.82 million. As a group, equities research analysts expect that IBI Group Inc will post 0.55 EPS for the current year.

In other news, insider IBI Group Management Partnership bought 5,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was purchased 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. Also, 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 cost of C$5.01 per share, with a total value of C$31,049.60. Following the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at approximately C$125,200. Over the last three months, insiders have purchased 22,700 shares of company stock valued at $114,136.

IBI Group Company Profile (TSE:IBG)

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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