IBI Group (TSE:IBG) had its target price upped by TD Securities from C$6.50 to C$7.00 in a research report released on Monday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms have also commented on IBG. National Bank Financial raised their price objective on IBI Group from C$7.50 to C$8.00 and gave the stock an outperform rating in a research note on Monday, August 12th. Raymond James restated a strong-buy rating and set a C$8.50 price objective on shares of IBI Group in a research note on Monday.

IBI Group stock traded down C$0.04 during mid-day trading on Monday, reaching C$5.85. 115,350 shares of the company were exchanged, compared to its average volume of 24,087. The company has a fifty day simple moving average of C$4.97 and a 200-day simple moving average of C$5.05. IBI Group has a 12 month low of C$3.67 and a 12 month high of C$5.90. The company has a debt-to-equity ratio of 437.20, a current ratio of 2.34 and a quick ratio of 2.18. The firm has a market cap of $159.87 million and a PE ratio of 12.21.

In other IBI Group news, Director Dale Elson Richmond purchased 10,400 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were bought at an average price of C$5.33 per share, for a total transaction of C$55,432.00. Following the purchase, the director now owns 46,000 shares in the company, valued at approximately C$245,180. Also, insider IBI Group Management Partnership purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average price of C$5.17 per share, for a total transaction of C$25,850.00. Following the purchase, the insider now owns 447,846 shares in the company, valued at approximately C$2,315,363.82. In the last 90 days, insiders have acquired 26,900 shares of company stock worth $138,518.

IBI Group Company Profile

IBI Group Inc provides various professional services in Canada, the United States, the United Kingdom, 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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