IBI Group Inc. (TSE:IBG – Get Rating)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$19.50 and last traded at C$19.47, with a volume of 1775 shares. The stock had previously closed at C$19.48.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Raymond James cut IBI Group from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from C$17.50 to C$19.50 in a research note on Tuesday, July 19th. TD Securities lowered IBI Group from a "buy" rating to a "tender" rating and upped their target price for the stock from C$17.50 to C$19.50 in a report on Tuesday, July 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$18.19.
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IBI Group Stock Performance
The firm has a fifty day moving average price of C$19.36 and a 200 day moving average price of C$15.50. The company has a debt-to-equity ratio of 117.00, a quick ratio of 1.63 and a current ratio of 1.79. The stock has a market cap of C$608.07 million and a PE ratio of 29.52.
IBI Group (TSE:IBG – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported C$0.24 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.02. The business had revenue of C$126.33 million for the quarter, compared to analysts' expectations of C$119.13 million. Research analysts forecast that IBI Group Inc. will post 0.93 earnings per share for the current fiscal year.
IBI Group Company Profile
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IBI Group Inc provides various professional services in Canada, the United States, the United Kingdom, and internationally. Its professional services include urban 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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