Brokerages Set CGI Group Inc (GIB.A) Price Target at $72.54
Shares of CGI Group Inc (TSE:GIB.A) (NYSE:GIB) have been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$72.54.
Several brokerages have commented on GIB.A. Eight Capital lowered CGI Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from C$74.00 to C$72.00 in a report on Wednesday, July 19th. Raymond James Financial, Inc. raised their price objective on CGI Group from C$72.00 to C$76.00 and gave the company an “outperform” rating in a report on Monday, October 30th. National Bank Financial reissued an “outperform” rating and issued a C$80.00 price objective on shares of CGI Group in a report on Wednesday, August 23rd. Finally, Scotiabank dropped their price objective on CGI Group from C$72.00 to C$71.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd.
CGI Group (TSE:GIB.A) traded up C$0.42 during trading on Thursday, reaching C$67.99. The company had a trading volume of 581,132 shares, compared to its average volume of 345,096. CGI Group has a 12-month low of C$60.91 and a 12-month high of C$69.36.
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.
Receive News & Ratings for CGI Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.