National Bank Financial Weighs in on IBI Group Inc’s FY2017 Earnings (IBG)
IBI Group Inc (TSE:IBG) – Investment analysts at National Bank Financial cut their FY2017 earnings estimates for IBI Group in a research report issued on Monday. National Bank Financial analyst M. Sytchev now expects that the firm will earn $0.47 per share for the year, down from their prior forecast of $0.50. National Bank Financial also issued estimates for IBI Group’s FY2018 earnings at $0.51 EPS.
A number of other equities research analysts also recently commented on the company. Raymond James Financial Inc. upped their price objective on IBI Group from C$6.00 to C$7.00 in a report on Friday, August 12th. Scotiabank boosted their target price on IBI Group from C$6.00 to C$6.50 and gave the company a “sector perform” rating in a research note on Friday, September 16th. Finally, Canaccord Genuity boosted their target price on IBI Group from C$5.00 to C$5.50 and gave the company a “hold” rating in a research note on Monday, August 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. IBI Group has a consensus rating of “Buy” and a consensus price target of C$5.75.
Shares of IBI Group (TSE:IBG) remained flat at $6.17 on Wednesday. 52,197 shares of the company traded hands. The firm’s market capitalization is $155.36 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 $6.09 and its 200 day moving average price is $5.43.
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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