Indigo Books & Music Inc. (TSE:IDG) – Equities research analysts at Cormark boosted their FY2018 EPS estimates for Indigo Books & Music in a report issued on Thursday. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $1.03 per share for the year, up from their previous forecast of $1.01. Cormark also issued estimates for Indigo Books & Music’s FY2019 earnings at $1.28 EPS.

Shares of Indigo Books & Music (IDG) traded up C$0.19 during trading hours on Monday, hitting C$18.99. The stock had a trading volume of 300 shares, compared to its average volume of 8,519. Indigo Books & Music has a one year low of C$15.00 and a one year high of C$19.27. The firm has a market cap of $501.39, a price-to-earnings ratio of 21.36 and a beta of 0.27.

In other news, insider Gerald Wilfred Schwartz acquired 2,100 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were bought at an average price of C$18.96 per share, with a total value of C$39,816.00. Insiders have bought a total of 99,000 shares of company stock worth $1,864,671 in the last three months.

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About Indigo Books & Music

Indigo Books & Music Inc is a Canada-based book, gift and toy retailer. The Company operates stores in approximately 10 provinces and a territory in Canada, and offers online sales through its indigo.ca Website. It operates approximately 90 superstores under the banners Chapters and Indigo, and approximately 120 small format stores under the banners Coles, Indigospirit, SmithBooks and The Book Company.

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