IBI Group Inc (TSE:IBG) hit a new 52-week low on Monday . The stock traded as low as C$4.57 and last traded at C$4.60, with a volume of 7799 shares trading hands. The stock had previously closed at C$4.71.

Several brokerages have recently weighed in on IBG. National Bank Financial decreased their price target on IBI Group from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research note on Monday, August 13th. TD Securities decreased their price target on IBI Group from C$9.00 to C$8.00 and set a “buy” rating for the company in a research note on Monday, August 13th. Finally, Raymond James decreased their price target on IBI Group from C$7.50 to C$6.50 and set a “market perform” rating for the company in a research note on Tuesday, August 14th.

IBI Group (TSE:IBG) last announced its earnings results on Thursday, August 9th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.12 by C($0.09). IBI Group had a net margin of 6.12% and a return on equity of 80.92%. The business had revenue of C$93.08 million for the quarter, compared to the consensus estimate of C$92.80 million.

In related news, Director Dale Elson Richmond sold 20,000 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of C$5.61, for a total transaction of C$112,200.00. Also, insider Ibi Group Management Partnersh bought 15,900 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The shares were acquired at an average price of C$6.96 per share, for a total transaction of C$110,664.00. In the last 90 days, insiders have purchased 49,700 shares of company stock worth $285,816.

About IBI Group (TSE:IBG)

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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