IBI Group’s “Buy” Rating Reaffirmed at LB Securities (IBG)
IBI Group (TSE:IBG)‘s stock had its “buy” rating reissued by analysts at LB Securities in a research report issued to clients and investors on Monday. They currently have a C$4.00 price objective on the stock, up from their previous price objective of C$2.00. LB Securities’ price target suggests a potential upside of 45.45% from the stock’s previous close.
IBI Group (TSE:IBG) traded up 4.00% on Monday, hitting $2.86. 72,294 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’s 50-day moving average is $1.73 and its 200-day moving average is $1.63. The company’s market cap is $50.4 million.
A number of other firms have also recently commented on IBG. 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. Separately, analysts at Scotiabank raised their price target on shares of IBI Group from C$1.25 to C$2.50 in a research note on Thursday, July 17th. They now have a “sector perform” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of IBI Group in a research note on Wednesday, May 28th. They now have a C$1.25 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$2.29.
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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