IBI Group (TSE:IBG) had its target price dropped by equities researchers at National Bank Financial from C$9.00 to C$8.50 in a report issued on Monday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 53.71% from the stock’s previous close.

Separately, TD Securities dropped their price objective on shares of IBI Group from C$9.50 to C$9.00 and set a “buy” rating on the stock in a research note on Friday, May 11th.

Shares of TSE IBG traded down C$0.38 during midday trading on Monday, reaching C$5.53. 39,482 shares of the stock were exchanged, compared to its average volume of 32,851. IBI Group has a twelve month low of C$5.52 and a twelve month high of C$9.00.

In related news, insider Ibi Group Management Partnersh purchased 15,900 shares of the company’s stock in a transaction that occurred on Friday, June 29th. The shares were purchased at an average price of C$6.96 per share, with a total value of C$110,664.00.

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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