IBI Group Inc (TSE:IBG) reached a new 52-week low on Friday . The company traded as low as C$4.01 and last traded at C$4.03, with a volume of 1700 shares traded. The stock had previously closed at C$4.10.

A number of equities research analysts recently issued reports on IBG shares. TD Securities reduced their target price on IBI Group from C$9.00 to C$8.00 and set a “buy” rating on the stock in a research note on Monday, August 13th. Raymond James reduced their target price on IBI Group from C$7.50 to C$6.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 14th. Finally, National Bank Financial reduced their target price on IBI Group from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Monday, August 13th.

IBI Group (TSE:IBG) last posted its earnings results on Thursday, August 9th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$93.08 million during the quarter, compared to analysts’ expectations of C$92.80 million.

In other IBI Group news, Director Dale Elson Richmond sold 20,000 shares of the stock in a transaction on 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, Director Michael Joseph Nobrega purchased 18,800 shares of IBI Group stock in a transaction on Wednesday, August 15th. The shares were acquired at an average cost of C$5.29 per share, for a total transaction of C$99,452.00. In the last three months, insiders have acquired 64,700 shares of company stock worth $317,730.

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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