IBI Group Inc (IBG) Stock Rating Reaffirmed by Scotiabank
IBI Group Inc (TSE:IBG)‘s stock had its “sector perform” rating reissued by analysts at Scotiabank in a research report issued to clients and investors on Friday. They presently have a C$6.50 price objective on the stock. Scotiabank’s price target suggests a potential upside of 10.36% from the stock’s previous close.
Other analysts have also issued reports about the company. Raymond James Financial Inc. lifted their price target on IBI Group from C$6.00 to C$7.00 in a research note on Friday, August 12th. National Bank Financial raised their price objective on IBI Group from C$5.00 to C$6.00 in a research report on Monday, July 11th. Finally, Canaccord Genuity raised their price objective on IBI Group from C$5.00 to C$5.50 and gave the stock a “hold” rating in a research report on Monday, August 15th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$5.75.
Shares of IBI Group (TSE:IBG) opened at 5.89 on Friday. The firm’s 50-day moving average is $6.04 and its 200-day moving average is $4.94. IBI Group has a 1-year low of $1.85 and a 1-year high of $6.60. The firm has a market cap of $147.05 million and a P/E ratio of 33.66.
IBI Group Company Profile
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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