IBI Group (IBG) Reaches New 1-Year Low at $7.30

Shares of IBI Group (TSE:IBG) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$7.30 and last traded at C$7.30, with a volume of 15040 shares. The stock had previously closed at C$7.31.

A number of brokerages have issued reports on IBG. TD Securities decreased their price target on IBI Group from C$9.50 to C$9.00 and set a “buy” rating for the company in a report on Friday, May 11th. National Bank Financial decreased their price target on IBI Group from C$10.00 to C$9.00 and set an “outperform” rating for the company in a report on Monday, March 12th.

IBI Group (TSE:IBG) last announced its quarterly earnings results on Thursday, March 8th. The company reported C($0.08) earnings per share (EPS) for the quarter. The business had revenue of C$86.89 million for the quarter. IBI Group had a return on equity of 80.92% and a net margin of 6.12%.

In other IBI Group news, insider Ibi Group Management Partnersh purchased 6,600 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was bought at an average cost of C$7.30 per share, with a total value of C$48,180.00. Insiders have acquired a total of 13,000 shares of company stock valued at $86,408 over the last ninety days.

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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