Bullboard - Stock Discussion Forum IBI Group Inc T.IBG.DB.E

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IBI Group Inc. is a global design and technology company. The Company offers a range of services, including architectural controls, architecture, bridge engineering, civil engineering, construction management, data analytics, design technology, development engineering, economics/financial analysis, electrical engineering, energy solutions, engineering, environmental assessment, geomatics/land... see more

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TSX:IBG.DB.E - Post Discussion

IBI Group Inc > Another Upgrade

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Post by retiredcf on Mar 14, 2022 7:58am

Another Upgrade

Desjardins Securities’ Benoit Poirier raised his IBI Group Inc. target by $1 to $17 with a “buy” rating. The average is $17.38.

“While we were surprised by the softness in margins in 4Q, we are confident that the adverse impact was only temporary. We are encouraged by IBI’s record backlog and strong balance sheet, which should enable the company to deliver stronger growth than we are targeting in 2022. We are also looking forward to the launch of IBI’s next strategic plan with 1Q22 results (May 6),” he said.

“We remain bullish on IBI as we see strong potential for organic (near record backlog) and inorganic (very strong balance sheet with a robust pipeline of opportunities) growth ahead.”

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