IBI Group (TSE:IBG) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

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IBI Group Inc (TSE:IBG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $5.11. IBI Group shares last traded at $5.00, with a volume of 4,477 shares changing hands.

A number of brokerages recently weighed in on IBG. TD Securities boosted their price objective on shares of IBI Group from C$6.00 to C$6.50 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Raymond James reaffirmed an “outperform” rating and set a C$7.50 price objective on shares of IBI Group in a research report on Monday, May 13th.

The company has a current ratio of 2.35, a quick ratio of 2.20 and a debt-to-equity ratio of 462.81. The firm’s 50-day moving average price is C$5.20. The firm has a market capitalization of $153.63 million and a price-to-earnings ratio of 12.30.

IBI Group (TSE:IBG) last posted its earnings results on Thursday, May 9th. The company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.07). The business had revenue of C$93.73 million for the quarter, compared to analysts’ expectations of C$91.48 million. On average, sell-side analysts predict that IBI Group Inc will post 0.56 EPS for the current year.

IBI Group Company Profile (TSE:IBG)

IBI Group Inc provides various professional services in Canada, the United States, the United Kingdom, 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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