RBC Capital Remains a Hold on IBEX (IBEX)
In a report released today, David Paige from RBC Capital maintained a Hold rating on IBEX, with a price target of $40.00.
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Paige covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, TD SYNNEX Corporation, and Cognizant. According to TipRanks, Paige has an average return of 35.1% and an 82.61% success rate on recommended stocks.
Currently, the analyst consensus on IBEX is a Hold with an average price target of $40.00.
Based on IBEX’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $164.22 million and a net profit of $12.22 million. In comparison, last year the company earned a revenue of $140.68 million and had a net profit of $9.27 million
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IBEX in relation to earlier this year. Last month, Daniella Ballou-Aares, a Director at IBEX sold 6,500.00 shares for a total of $162,765.00.
