IBEX (NASDAQ:IBEX) had its price target dropped by analysts at Piper Sandler from $21.00 to $18.00 in a report issued on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 27.57% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Royal Bank of Canada decreased their price objective on shares of IBEX from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, November 23rd. Citigroup cut their target price on shares of IBEX from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, November 24th. Finally, Zacks Investment Research downgraded shares of IBEX from a “hold” rating to a “sell” rating in a research report on Wednesday, November 24th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $22.00.
IBEX stock opened at $14.11 on Thursday. The company has a 50 day moving average price of $14.68 and a 200 day moving average price of $17.39. IBEX has a 52 week low of $10.77 and a 52 week high of $25.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $260.64 million, a price-to-earnings ratio of 28.80 and a beta of 1.56.
Several institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in shares of IBEX by 3.7% during the 2nd quarter. Deutsche Bank AG now owns 18,684 shares of the company’s stock valued at $365,000 after purchasing an additional 666 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of IBEX by 10.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,686 shares of the company’s stock valued at $215,000 after purchasing an additional 1,227 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of IBEX by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 53,562 shares of the company’s stock valued at $1,045,000 after purchasing an additional 1,526 shares in the last quarter. Boston Partners grew its stake in IBEX by 1.3% in the 2nd quarter. Boston Partners now owns 152,168 shares of the company’s stock valued at $2,970,000 after buying an additional 1,918 shares during the last quarter. Finally, Millennium Management LLC grew its stake in IBEX by 5.3% in the 3rd quarter. Millennium Management LLC now owns 41,000 shares of the company’s stock valued at $697,000 after buying an additional 2,073 shares during the last quarter. Institutional investors and hedge funds own 24.68% of the company’s stock.
IBEX Company Profile
IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company provides ibex Connect, a customer engagement solution comprises customer service, technical support, and other value-added outsourced back office services through voice, email, chat, SMS, social media and other communication applications; ibex Digital, a customer acquisition solution that offers search, social, and display advertising capabilities; and ibex CX, a customer experience solution, which provides a comprehensive suite of proprietary software tools to measure, monitor and manage its clients' customer experience.
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