RBC Capital Thinks IBEX’s Stock is Going to Recover

In a report issued on February 13, Daniel Perlin from RBC Capital maintained a Buy rating on IBEX (IBEXResearch Report), with a price target of $22.00. The company’s shares closed last Tuesday at $13.20, close to its 52-week low of $10.77.

According to TipRanks.com, Perlin is a 5-star analyst with an average return of 18.6% and a 63.8% success rate. Perlin covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for IBEX with a $19.25 average price target, a 49.8% upside from current levels. In a report issued on February 1, Robert W. Baird also maintained a Buy rating on the stock with a $18.00 price target.

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The company has a one-year high of $25.50 and a one-year low of $10.77. Currently, IBEX has an average volume of 29.89K.

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IBEX Holdings Ltd is an end-to-end provider of technology-enabled customer lifecycle experience (CLX) solutions to optimize customer acquisition, engagement, expansion and experience for its clients. IBEX operates through Customer Acquisition and Customer Management segments. Customer Acquisition segment includes consumer-facing businesses and acquires customers for them. In this segment, customers are primarily acquired for clients in the telecommunications, cable, technology and insurance industries. Customer Management segment comprises the engagement, expansion and experience solutions. The suite of customer engagement solutions consists of customer service, technical support and other value added outsourced back office services.

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