In a new note to investors today, an analyst has provided a rating update for IBI Group Inc. (IBG). Analyst Frederic Bastien from Raymond James rated IBI Group Inc. (IBG) a Buy, setting a C$7.50 price target.
Bastien has an average return of 14.6% when recommending IBI Group Inc..
According to TipRanks.com, Bastien is ranked #2818 out of 5218 analysts.
Currently, the analyst consensus on IBI Group Inc. is a Moderate Buy with an average price target of C$7.50.
Based on IBI Group Inc.’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$6.68 million. In comparison, last year the company had a GAAP net loss of C$2.41 million.
IBI Group, Inc. engages in the provision of integrated professional goods and services related to architecture, planning, engineering, and technology. It operates through intelligence, buildings, and infrastructure sectors.
The company’s shares closed on Monday at C$4.53.
