IBI Group (TSE:IBG) Share Price Passes Above Fifty Day Moving Average of $4.97

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IBI Group Inc (TSE:IBG) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.97 and traded as high as $4.99. IBI Group shares last traded at $4.99, with a volume of 6,500 shares traded.

IBG has been the topic of a number of research analyst reports. Raymond James reiterated an “outperform” rating and issued a C$7.50 target price on shares of IBI Group in a research report on Monday, August 12th. National Bank Financial boosted their target price on IBI Group from C$7.50 to C$8.00 and gave the stock an “outperform” rating in a research report 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 company has a market capitalization of $155.81 million and a PE ratio of 10.42. The business has a 50-day moving average of C$4.96 and a 200 day moving average of C$4.97.

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

In related news, Director Michael Joseph Nobrega acquired 6,200 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of C$5.01 per share, for a total transaction of C$31,049.60. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at approximately C$125,200. Also, insider IBI Group Management Partnership acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were bought at an average price of C$5.07 per share, for a total transaction of C$25,336.00. Following the completion of the transaction, the insider now owns 437,846 shares of the company’s stock, valued at C$2,218,653.25. Over the last 90 days, insiders have acquired 22,700 shares of company stock worth $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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