IBI Group’s “Sector Perform” Rating Reaffirmed at Scotiabank (IBG)
IBI Group (TSE:IBG)‘s stock had its “sector perform” rating restated by analysts at Scotiabank in a research report issued to clients and investors on Wednesday. They currently have a C$1.25 target price on the stock. Scotiabank’s target price points to a potential downside of 27.33% from the stock’s previous close.
IBI Group (TSE:IBG) traded up 12.79% on Wednesday, hitting $1.94. 17,600 shares of the company’s stock traded hands. IBI Group has a 52-week low of $0.65 and a 52-week high of $2.86. The stock has a 50-day moving average of $1.91 and a 200-day moving average of $1.36.
Several other analysts have also recently commented on the stock. Analysts at Laurentian raised their price target on shares of IBI Group from C$1.20 to C$2.00 in a research note on Friday, May 16th. They now have a “hold” rating on the stock. Separately, analysts at LB Securities raised their price target on shares of IBI Group from C$1.20 to C$2.00 in a research note on Friday, May 16th. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity upgraded shares of IBI Group from a “sell” rating to a “hold” rating in a research note on Monday, March 31st. They now have a C$1.50 price target on the stock, up previously from C$0.75. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company has an average rating of “Hold” and an average price target of C$1.54.
IBI Group Inc is an international, multi-disciplinary provider of a range of professional services focused on the physical development of cities.
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