What’s Next for IBI Group Inc After Today’s Huge Increase?

 What's Next for IBI Group Inc After Today's Huge Increase?

The stock of IBI Group Inc (TSE:IBG) is a huge mover today! About 16,672 shares traded hands. IBI Group Inc (TSE:IBG) has risen 68.42% since March 28, 2016 and is uptrending. It has outperformed by 65.41% the S&P500.
The move comes after 8 months positive chart setup for the $158.31M company. It was reported on Nov, 1 by Barchart.com. We have $14.77 PT which if reached, will make TSE:IBG worth $204.22 million more.

IBI Group Inc (TSE:IBG) Ratings Coverage

Out of 2 analysts covering IBI Group (TSE:IBG), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $7 is the highest target while $2.50 is the lowest. The $6.17 average target is -4.34% below today’s ($6.45) stock price. IBI Group has been the topic of 6 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Raymond James upgraded the shares of IBG in a report on Tuesday, November 17 to “Outperform” rating. The rating was downgraded by Canaccord Genuity to “Hold” on Wednesday, June 15.

More recent IBI Group Inc (TSE:IBG) news were published by: Prnewswire.com which released: “IBI Group Inc. announces rights offering” on November 10, 2015. Also Reuters.com published the news titled: “BRIEF-IBI Group announces $35 million bought deal financing” on August 25, 2016. Marketwired.com‘s news article titled: “IBI Group Inc. Announces 2015 Fourth Quarter and Year End Financial Results” with publication date: March 17, 2016 was also an interesting one.

IBI Group Inc. is an architecture, planning, engineering and technology company. The company has a market cap of $158.31 million. The Firm provides a range of professional services focused on the physical development of cities. It has a 19.39 P/E ratio. It operates through the consulting services segment.

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