IBI Group’s (IBG) “Strong-Buy” Rating Reaffirmed at Raymond James

Posted by on Nov 15th, 2019 // Comments off

Raymond James reiterated their strong-buy rating on shares of IBI Group (TSE:IBG) in a report published on Monday, BayStreet.CA reports. Raymond James currently has a C$8.50 price target on the stock.

Separately, National Bank Financial raised their price objective 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, August 12th.

Shares of TSE:IBG traded down C$0.04 during trading hours on Monday, hitting C$5.85. The stock had a trading volume of 115,350 shares, compared to its average volume of 24,087. The stock’s fifty day simple moving average is C$4.97 and its 200 day simple moving average is C$5.05. IBI Group has a 1-year low of C$3.67 and a 1-year high of C$5.90. The firm has a market capitalization of $159.87 million and a price-to-earnings ratio of 12.21. The company has a debt-to-equity ratio of 437.20, a quick ratio of 2.18 and a current ratio of 2.34.

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

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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