FY2018 EPS Estimates for IBI Group Inc Boosted by National Bank Financial (IBG)
IBI Group Inc (TSE:IBG) – Stock analysts at National Bank Financial raised their FY2018 EPS estimates for shares of IBI Group in a research note issued to investors on Sunday, November 11th, according to Zacks Investment Research. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $0.41 per share for the year, up from their prior estimate of $0.30. National Bank Financial currently has a “Outperform” rating and a $8.50 target price on the stock.
A number of other analysts also recently issued reports on the stock. Raymond James raised shares of IBI Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$6.50 to C$7.00 in a report on Tuesday, November 13th. TD Securities cut their price target on shares of IBI Group from C$9.00 to C$8.00 and set a “buy” rating for the company in a report on Monday, August 13th.
IBI Group (TSE:IBG) last posted its quarterly earnings data on Thursday, November 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.08 by C$0.13. The business had revenue of C$92.02 million during the quarter, compared to the consensus estimate of C$89.30 million.
In other news, insider Ibi Group Management Partnersh purchased 5,600 shares of the business’s stock in a transaction dated Friday, September 21st. The stock was bought at an average price of C$4.54 per share, with a total value of C$25,424.00. Also, Director Dale Elson Richmond purchased 10,000 shares of the business’s stock in a transaction dated Friday, September 28th. The shares were purchased at an average cost of C$4.58 per share, with a total value of C$45,800.00. In the last ninety days, insiders have bought 25,600 shares of company stock valued at $117,428.
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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