CGI (GIB.A) Receives Outperform Rating from BMO Capital Markets
CGI (TSE:GIB.A) (NYSE:GIB)‘s stock had its “outperform” rating reaffirmed by research analysts at BMO Capital Markets in a research report issued on Tuesday. They currently have a C$94.00 price objective on the stock. BMO Capital Markets’ price target points to a potential upside of 10.71% from the company’s previous close.
Several other equities research analysts have also recently issued reports on GIB.A. Barclays lifted their price objective on shares of CGI from C$89.00 to C$90.00 and gave the stock an “average” rating in a research report on Thursday, November 8th. Royal Bank of Canada lifted their price objective on shares of CGI from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Eight Capital lifted their price objective on shares of CGI from C$86.00 to C$88.00 in a research report on Thursday, November 8th. Finally, Desjardins raised shares of CGI from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$89.00 to C$93.50 in a research report on Wednesday, October 31st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$90.55.
CGI stock opened at C$84.91 on Tuesday. CGI has a 12-month low of C$61.73 and a 12-month high of C$77.22.
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.
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