Laurentian Raises IBI Group Price Target to C$4.00 (IBG)
Research analysts at Laurentian boosted their price objective on shares of IBI Group (TSE:IBG) from C$2.00 to C$4.00 in a report released on Monday. The firm currently has a “buy” rating on the stock. Laurentian’s target price would suggest a potential upside of 45.45% from the company’s current price.
A number of other firms have also recently commented on IBG. Analysts at Scotiabank raised their price target on shares of IBI Group from C$2.50 to C$4.00 in a research note on Monday. They now have a “sector perform” rating on the stock. Separately, 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. Finally, 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 given a buy rating to the company. IBI Group has a consensus rating of “Hold” and an average price target of C$2.88.
Shares of 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 one year low of $0.65 and a one year high of $2.86. The stock has a 50-day moving average of $1.73 and a 200-day moving average of $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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