Royal Bank Of Canada Downgrades CGI Group (TSE:GIB) to Hold

CGI Group (TSE:GIB) was downgraded by research analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research firms have also commented on GIB. Scotiabank upgraded CGI Group to a “hold” rating in a research report on Tuesday, January 27th. TD Securities upgraded CGI Group to a “strong-buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

CGI Group Stock Performance

CGI Group Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also offers application development, integration and maintenance, testing, portfolio management, and modernization services; business consulting; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure services.