CGI Group Inc (GIB.A) Receives Average Rating of “Buy” from Analysts

CGI Group Inc (TSE:GIB.A) (NYSE:GIB) has received a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$76.00.

Several research analysts have weighed in on the company. Raymond James Financial lifted their target price on CGI Group from C$76.00 to C$78.00 and gave the company an “outperform” rating in a research note on Monday. Scotiabank lifted their target price on CGI Group from C$71.00 to C$72.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada lifted their target price on CGI Group from C$75.00 to C$80.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th.

CGI Group (TSE:GIB.A) opened at C$67.37 on Tuesday. CGI Group has a 12 month low of C$60.91 and a 12 month high of C$70.00. The firm has a market capitalization of $17,140.00, a P/E ratio of 19.76 and a beta of 0.49.

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CGI Group Company Profile

CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.

Analyst Recommendations for CGI Group (TSE:GIB.A)

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