IBI Group (TSE:IBG) had its price target cut by stock analysts at TD Securities from C$8.00 to C$7.00 in a report released on Monday. TD Securities’ price objective would indicate a potential upside of 50.21% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. National Bank Financial cut their price target on shares of IBI Group from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Monday, August 13th. Raymond James cut their price target on shares of IBI Group from C$7.50 to C$6.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 14th.

Shares of IBG opened at C$4.66 on Monday. The company has a debt-to-equity ratio of 427.49, a quick ratio of 1.86 and a current ratio of 2.04. IBI Group has a 1 year low of C$3.95 and a 1 year high of C$9.00.

In related news, insider Ibi Group Management Partnersh purchased 5,600 shares of the business’s stock in a transaction on Friday, September 21st. The shares were bought at an average price of C$4.54 per share, with a total value of C$25,424.00. Also, Director Dale Elson Richmond purchased 10,000 shares of the business’s stock in a transaction on Friday, September 28th. The shares were bought at an average cost of C$4.58 per share, for a total transaction of C$45,800.00. In the last ninety days, insiders have acquired 45,900 shares of company stock worth $218,278.

IBI Group Company Profile

IBI Group Inc provides various professional services in Canada and internationally. Its professional services include design and planning, architecture, civil engineering, transportation engineering, traffic engineering, systems engineering, urban geography, real estate analysis, landscape architecture, communications engineering, software development, and other consulting services.

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