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IBI Group (TSE:IBG) stock price target increased to $6.50, released a ratings update earlier today by Scotia Capital

Scotia Capital upped the target of IBI Group (TSE:IBG) to $6.50 reporting a possible upside of 0.07%.

Previously on 09/16/2016, Scotia Capital reported about IBI Group (TSE:IBG) raised the target price from $6.00 to $6.50. At the time, this indicated a possible upside of 0.07%.

Yesterday IBI Group (TSE:IBG) traded -7.63% lower at $6.10. The company’s 50-day moving average is $6.01 and its 200-day moving average is $4.90. The last stock close price is up 23.52% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 164,087 shares of the stock were exchanged, up from an average trading volume of 57,162

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IBI Group has a 52 week low of $1.85 and a 52 week high of $6.60 with a P/E ratio of 34.57 The company’s market cap is currently $0.

In addition to Scotia Capital reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $5.23 with 0 firms rating the stock a strong buy, 3 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About IBI Group (TSE:IBG)

IBI Group Inc. is an architecture, planning, engineering and technology company. The Company provides a range of professional services focused on the physical development of cities. It operates through the consulting services segment. Its business is focused on three areas of development: intelligence, buildings and infrastructure. It offers professional services, such as planning, design, implementation, analysis of operations and other consulting services. It operates in a range of sectors, including urban design and planning, architecture, civil engineering, transportation engineering, traffic engineering, systems engineering, real estate analysis, landscape architecture, communications engineering and software development. Its customers include national, provincial, state and local government agencies, and public institutions, as well as companies in the real estate building, land and infrastructure development, and transportation and communication industries.

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