CIBT Education Group Inc. (TSE:MBA) Price Target Raised to C$1.37
CIBT Education Group Inc. (TSE:MBA) had its price objective lifted by research analysts at Fundamental Research from C$1.08 to C$1.37 in a report issued on Thursday, June 22nd. The brokerage currently has a “top pick” rating on the stock. Fundamental Research’s price target suggests a potential upside of 75.64% from the stock’s previous close.
The analysts wrote, “Fundamental Research Corp has issued a report entitled “CIBT Education Group Inc. (TSX: MBA) – Expecting to more than double student housing beds by end of fall ” and dated June 22, 2017. The full report is now at www.researchfrc.com.
CIBT Education Group (TSE:MBA) remained flat at $0.78 during midday trading on Thursday. 27,887 shares of the company traded hands. The firm has a 50 day moving average price of $0.79 and a 200 day moving average price of $0.71. CIBT Education Group has a 52-week low of $0.32 and a 52-week high of $0.96. The stock has a market cap of $59.85 million and a P/E ratio of 6.84.
In other news, Director Toby Chu acquired 62,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The shares were bought at an average price of C$0.69 per share, with a total value of C$42,780.00. In the last three months, insiders purchased 65,300 shares of company stock worth $45,366.
CIBT Education Group Company Profile
CIBT Education Group Inc is an education and student-housing investment company focused on the global education market. The Company’s business operations include education, media communications, income producing property and real estate development. Its business units include CIBT School of Business & Technology Corp.
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