Scotiabank reaffirmed their sector perform rating on shares of IBI Group Inc (TSE:IBG) in a research note released on Friday morning. The brokerage currently has a C$6.50 price objective on the stock.
A number of other research firms have also weighed in on IBG. Canaccord Genuity boosted their price objective on IBI Group from C$5.00 to C$5.50 and gave the stock a hold rating in a research note on Monday, August 15th. Raymond James Financial Inc. boosted their price objective on IBI Group from C$6.00 to C$7.00 in a research note on Friday, August 12th. Finally, National Bank Financial lifted their target price on IBI Group from C$5.00 to C$6.00 in a research report on Monday, July 11th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$5.75.
IBI Group (TSE:IBG) opened at 5.77 on Friday. The stock’s 50 day moving average price is $6.04 and its 200-day moving average price is $4.95. IBI Group has a 52-week low of $1.85 and a 52-week high of $6.60. The company has a market cap of $144.05 million and a P/E ratio of 32.97.
About IBI Group
IBI Group Inc is an architecture, planning, engineering and technology company. The Company provides a range of professional services focused on the physical development of cities. It operates through the consulting services segment. Its business is focused on three areas of development: intelligence, buildings and infrastructure.
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