IBI Group - IBG Stock Forecast, Price & News

IBI Group Inc. provides various professional services in Canada, the United States, the United Kingdom, and internationally. Its professional services include urban design and planning, architecture, civil engineering, transportation engineering, traffic engineering, systems engineering, urban geography, real estate analysis, landscape architecture, communications engineering, software development, and other consulting services. The company also offers systems solutions in tolling, traffic and transit management, airport groundside management, lighting, and supervisory control and data acquisition applications for control of water and waste-water systems. It serves national, provincial, state, and local government agencies and public institutions, as well as companies in the real estate building, land and infrastructure development, transportation and communication, and other industries. The company was formerly known as IBI Income Fund and changed its name to IBI Group Inc. in January 2011. The company was founded in 1974 and is headquartered in Toronto, Canada.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IBG shares. Raymond James downgraded shares of IBI Group from an "outperform" rating to a "market perform" rating and upped their price objective for the company from C$17.50 to C$19.50 in a research note on Tuesday, July 19th. TD Securities lowered shares of IBI Group from a "buy" rating to a "tender" rating and upped their price target for the stock from C$17.50 to C$19.50 in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$18.19.

IBI Group Stock Down 0.2 %

IBG opened at C$19.33 on Friday. IBI Group has a 1 year low of C$10.70 and a 1 year high of C$19.39. The firm has a 50 day moving average price of C$16.52 and a 200 day moving average price of C$14.35. The company has a debt-to-equity ratio of 117.00, a quick ratio of 1.63 and a current ratio of 1.79. The company has a market cap of C$603.39 million and a PE ratio of 29.29.

IBI Group (TSE:IBG - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.02. The business had revenue of C$126.33 million during the quarter, compared to analyst estimates of C$119.13 million. Sell-side analysts expect that IBI Group will post 0.9304817 earnings per share for the current year.