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

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

Several research analysts recently commented on IBG shares. TD Securities lowered their target price on IBI Group from C$9.50 to C$9.00 and set a “buy” rating for the company in a research note on Friday, May 11th. National Bank Financial lowered their target price on IBI Group from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Monday, March 12th.

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

In related news, insider Ibi Group Management Partnersh bought 6,600 shares of the stock in a transaction that occurred on Thursday, March 29th. The stock was purchased at an average cost of C$7.30 per share, with a total value of C$48,180.00. Insiders have purchased a total of 13,000 shares of company stock valued at $86,408 over the last three months.

About IBI Group

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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