Stonecap Securities

Nov 27, 2015

Tweet IBI Group (TSE:IBG) had its price target dropped by equities research analysts at Stonecap Securities from C$16.00 to C$15.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. Stonecap Securities’ target price suggests a potential upside of 474.71% from the stock’s previous close. Shares of IBI Group ( TSE:IBG ) traded up 11.54% during trading on Thursday, reaching $2.61. The company’s stock had a trading volume of 82,721 shares. IBI Group has a one year low of $1.32 and a one year high of $2.70. The firm has a market cap of $46.48 million and a P/E ratio of 72.50. The stock’s 50 day moving average is $2.12 and its 200 day moving average is $2.06. Several other equities research analysts have also recently weighed in on the company. Scotiabank set a C$2.50 target price on IBI Group and gave the stock a “sector perform” rating in a research note on Monday, August 17th. Canaccord Genuity upped their price target on IBI Group from C$3.00 to C$4.00 and gave the company a “spec buy” rating in a report on Monday, November 16th. Raymond James raised IBI Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$2.00 to C$4.00 in a report on Tuesday, November 17th. CIBC restated a “sector outperform” rating and issued a C$17.00 price target on shares of IBI Group in a research report on Thursday. Finally, Laurentian Bank of Canada cut their target price on IBI Group from C$17.50 to C$15.50 and set a “buy” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. IBI Group currently has a consensus rating of “Buy” and an average target price of C$11.06. IBI Group Inc. is a Canada-based international, multi-disciplinary provider of a range of professional services focused on the physical development of cities. The business of the Company is conducted through IBI Group Partnership, which is a global architecture, engineering, planning and technology entity, which operates in more than 15 countries across the world. Its consulting services are concentrated in three practice areas: intelligence, buildings and infrastructure. The Company operates in a range of sectors, including urban design and planning, architecture, civil engineering, transportation engineering, traffic engineering, systems engineering, real estate analysis, landscape architecture, communications engineering and software development, among others. Its customers include national, provincial, state, and local government agencies and public institutions, as well as companies in the real estate building, and land and infrastructure development, among others. Receive News & Ratings for IBI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBI Group and related companies with MarketBeat.com's FREE daily email newsletter . Leave a Reply