IBI Group Inc (TSE:IBG) – Equities researchers at National Bank Financial cut their FY2016 earnings estimates for IBI Group in a report issued on Monday. National Bank Financial analyst M. Sytchev now forecasts that the firm will earn $0.36 per share for the year, down from their previous estimate of $0.39.

Earnings History and Estimates for IBI Group (TSE:IBG)

A number of other analysts have also recently issued reports on the stock. Raymond James Financial Inc. increased their price objective on shares of IBI Group from C$6.00 to C$7.00 in a research note on Friday, August 12th. Scotiabank upped their target price on shares of IBI Group from C$6.00 to C$6.50 and gave the stock a “sector perform” rating in a research report on Friday, September 16th. Finally, Canaccord Genuity upped their target price on shares of 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 issued a buy rating to the company’s stock. IBI Group presently has a consensus rating of “Buy” and a consensus target price of C$5.75.

IBI Group (TSE:IBG) remained flat at $6.10 during midday trading on Thursday. 31,520 shares of the stock were exchanged. The firm’s 50-day moving average is $6.10 and its 200-day moving average is $5.43. IBI Group has a 12 month low of $1.90 and a 12 month high of $6.73. The firm’s market cap is $153.60 million.

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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