Raymond James Financial Comments on IBI Group Inc’s FY2016 Earnings (IBG)
IBI Group Inc (TSE:IBG) – Equities researchers at Raymond James Financial decreased their FY2016 earnings per share estimates for shares of IBI Group in a report released on Tuesday. Raymond James Financial analyst F. Bastien now expects that the firm will earn $0.17 per share for the year, down from their previous forecast of $0.22. Raymond James Financial also issued estimates for IBI Group’s Q1 2017 earnings at $0.10 EPS, Q2 2017 earnings at $0.13 EPS, Q3 2017 earnings at $0.12 EPS, Q4 2017 earnings at $0.10 EPS and FY2017 earnings at $0.45 EPS.
IBG has been the topic of a number of other research reports. Scotiabank boosted their price objective on IBI Group from C$5.00 to C$6.00 and gave the stock a “sector perform” rating in a research note on Monday, August 15th. 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. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. IBI Group currently has a consensus rating of “Buy” and an average price target of C$5.75.
IBI Group (TSE:IBG) opened at 6.10 on Wednesday. The stock’s market cap is $153.60 million. IBI Group has a 1-year low of $1.90 and a 1-year high of $6.73. The company’s 50-day moving average price is $6.10 and its 200-day moving average price is $5.42.
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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