The CIBT Education Group Inc. (MBA) PT Raised to C$1.10, Report finds

The analysts wrote, “Fundamental Research Corp has issued an update entitled “CIBT Education Group Inc. (TSX: MBA) – Revenues up by 49% YoY in Q1 / Acquires KGIC debt” and dated February 2, 2017. The full report is now at www.researchfrc.com.

CIBT Education Group Inc. (TSE:MBA) had its target price lifted by Fundamental Research from C$1.00 to C$1.10 in a report released on Thursday. The brokerage presently has a “top pick” rating on the stock. Fundamental Research’s price objective points to a potential upside of 57.14% from the stock’s current price.

CIBT is an FRC Top Pick “

Shares of CIBT Education Group (TSE:MBA) traded up 4.48% during trading on Thursday, hitting $0.70. 36,600 shares of the company traded hands. The company has a 50 day moving average price of $0.65 and a 200 day moving average price of $0.56. CIBT Education Group has a 52 week low of $0.26 and a 52 week high of $0.75. The company has a market capitalization of $48.44 million and a price-to-earnings ratio of 5.56.

In other CIBT Education Group news, insider Capital Alliance Group Inc. acquired 55,900 shares of the stock in a transaction on Thursday, January 12th. The stock was acquired at an average price of C$0.63 per share, for a total transaction of C$35,217.00. Insiders have acquired 79,500 shares of company stock valued at $50,203 in the last quarter.

About CIBT Education Group

CIBT Education Group Inc is an education and student-housing investment company focused on the global education market. The Company’s business operations include education, media communications, income producing property and real estate development. Its business units include CIBT School of Business & Technology Corp.

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