IBI Group Inc to Post FY2018 Earnings of $0.41 Per Share, National Bank Financial Forecasts (IBG)

IBI Group Inc (TSE:IBG) – Analysts at National Bank Financial lifted their FY2018 earnings estimates for shares of IBI Group in a research report issued on Sunday, November 11th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.41 per share for the year, up from their prior forecast of $0.30. National Bank Financial has a “Outperform” rating and a $8.50 price objective on the stock.

A number of other research firms have also commented on IBG. TD Securities cut their price objective on shares of IBI Group from C$9.00 to C$8.00 and set a “buy” rating for the company in a research report on Monday, August 13th. Raymond James cut their price objective on shares of IBI Group from C$7.50 to C$6.50 and set a “market perform” rating for the company in a research report on Tuesday, August 14th.

IBG stock opened at C$4.72 on Wednesday. The company has a debt-to-equity ratio of 314.91, a current ratio of 2.26 and a quick ratio of 2.09. IBI Group has a 12 month low of C$3.95 and a 12 month high of C$9.00.

In related news, insider Ibi Group Management Partnersh bought 10,000 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was acquired at an average cost of C$5.07 per share, for a total transaction of C$50,700.00. Also, Director Dale Elson Richmond sold 5,400 shares of IBI Group stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of C$5.75, for a total transaction of C$31,050.00. Over the last quarter, insiders have acquired 45,900 shares of company stock valued at $218,278.

IBI Group Company Profile

IBI Group Inc provides various professional services in Canada and internationally. Its professional services include 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.

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