IBI Group Price Target Raised to C$4.00 at Scotiabank (IBG)
Analysts at Scotiabank increased their target price on shares of IBI Group (TSE:IBG) from C$2.50 to C$4.00 in a research report issued to clients and investors on Monday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 45.45% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at LB Securities reiterated a “buy” rating on shares of IBI Group in a research note on Monday. They now have a C$4.00 price target on the stock, up previously from C$2.00. Analysts at Canaccord Genuity upgraded shares of IBI Group from a “hold” rating to a “speculative buy” rating in a research note on Friday, July 18th. They now have a C$2.75 price target on the stock, up previously from C$1.50. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$2.88.
IBI Group (TSE:IBG) remained flat at $2.75 during during mid-day trading trading on Monday. The stock had a trading volume of 92,786 shares. IBI Group has a 52-week low of $0.65 and a 52-week high of $2.86. The stock’s 50-day moving average is $1.73 and its 200-day moving average is $1.63. The company’s market cap is $48.4 million.
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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