IBI Group (IBG) Reaches New 52-Week High at $8.40

IBI Group Inc (TSE:IBG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$8.40 and last traded at C$7.99, with a volume of 15150 shares. The stock had previously closed at C$7.98.

Several brokerages have weighed in on IBG. Raymond James Financial raised their target price on shares of IBI Group from C$6.50 to C$7.50 and gave the company a “market perform” rating in a research note on Monday, November 13th. Laurentian Bank of Canada boosted their target price on shares of IBI Group from C$9.00 to C$9.50 in a research note on Monday, November 13th. Laurentian lifted their price target on shares of IBI Group from C$9.00 to C$9.50 in a research note on Monday, November 13th. Finally, National Bank Financial dropped their price target on shares of IBI Group from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Monday, November 13th.

The firm has a market cap of $258.25, a price-to-earnings ratio of 19.86 and a beta of -1.46.

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About IBI Group

IBI Group Inc provides various professional services in Canada, the United States, and internationally. Its professional services include planning, design, implementation, analysis of operations, and other consulting services related to intelligence, buildings, and infrastructure areas. The company offers civic and government, healthcare, higher education, hospitality, justice and protective, K-12 education, mixed-use, residential, retail and commercial, senior communities, stadium and special event, and landscape architectural services.

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