IBI Group (TSE:IBG) Earns Outperform Rating from Raymond James

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Raymond James reiterated their outperform rating on shares of IBI Group (TSE:IBG) in a research report sent to investors on Monday, BayStreet.CA reports. The brokerage currently has 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 upped their target price on 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$4.78 on Monday. IBI Group has a 1 year low of C$3.67 and a 1 year high of C$5.75. The company has a current ratio of 2.34, a quick ratio of 2.18 and a debt-to-equity ratio of 437.20. The company has a 50 day moving average of C$5.09. The stock has a market cap of $155.19 million and a price-to-earnings ratio of 9.90.

In other IBI Group news, Director Michael Joseph Nobrega purchased 6,200 shares of IBI Group stock in a transaction on Monday, August 12th. The shares were bought at an average price 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 in the company, valued at approximately C$125,200.

IBI Group Company Profile

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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