IBI Group (TSE:IBG) Price Target Raised to C$8.00 at National Bank Financial

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IBI Group (TSE:IBG) had its price target raised by National Bank Financial from C$7.50 to C$8.00 in a report released on Monday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other brokerages have also commented on IBG. TD Securities raised their price objective on IBI Group from C$6.00 to C$6.50 and gave the company a buy rating in a report on Tuesday, May 14th. Raymond James reissued an outperform rating and issued a C$7.50 price objective on shares of IBI Group in a report on Monday.

Shares of IBG opened at C$4.69 on Monday. The company has a current ratio of 2.34, a quick ratio of 2.18 and a debt-to-equity ratio of 437.20. IBI Group has a 12 month low of C$3.67 and a 12 month high of C$5.75. The stock’s 50 day moving average is C$5.09 and its two-hundred day moving average is C$4.90. The firm has a market cap of $149.26 million and a P/E ratio of 9.71.

In other IBI Group news, Director Michael Joseph Nobrega acquired 6,200 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of C$5.01 per share, with a total value of C$31,049.60. Following the completion of the acquisition, the director now 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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