CGI Group Inc. (NYSE:GIB) had its price objective upped by Dundee Securities from $68.00 to $74.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Dundee Securities’ price target points to a potential upside of 47.59% from the company’s current price.

Several other research firms also recently weighed in on GIB. Societe Generale downgraded shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Thursday. Canaccord Genuity reissued a “buy” rating on shares of CGI Group in a research report on Monday, August 15th. Zacks Investment Research raised shares of CGI Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Jefferies Group lifted their target price on shares of CGI Group from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Monday, August 1st. Finally, National Bank Financial restated an “outperform overweight” rating on shares of CGI Group in a report on Monday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $52.86.

Analyst Recommendations for CGI Group (NYSE:GIB)

Shares of CGI Group (NYSE:GIB) opened at 50.14 on Thursday. The stock has a 50 day moving average of $47.61 and a 200 day moving average of $46.69. The firm has a market cap of $15.18 billion, a price-to-earnings ratio of 20.61 and a beta of 0.94. CGI Group has a 52-week low of $36.04 and a 52-week high of $50.58.

CGI Group (NYSE:GIB) last released its earnings results on Wednesday, November 9th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.22. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $1.95 billion. CGI Group had a net margin of 9.61% and a return on equity of 17.06%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. Equities analysts predict that CGI Group will post $2.60 EPS for the current fiscal year.

Several large investors have recently modified their holdings of GIB. NN Investment Partners Holdings N.V. increased its stake in shares of CGI Group by 0.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 15,172 shares of the company’s stock valued at $648,000 after buying an additional 49 shares in the last quarter. Shell Asset Management Co. increased its position in shares of CGI Group by 1.2% in the second quarter. Shell Asset Management Co. now owns 23,777 shares of the company’s stock valued at $1,312,000 after buying an additional 279 shares during the period. Creative Planning increased its position in shares of CGI Group by 1.7% in the third quarter. Creative Planning now owns 22,575 shares of the company’s stock valued at $1,075,000 after buying an additional 379 shares during the period. Raymond James & Associates increased its position in shares of CGI Group by 1.6% in the second quarter. Raymond James & Associates now owns 30,474 shares of the company’s stock valued at $1,299,000 after buying an additional 486 shares during the period. Finally, US Bancorp DE increased its position in shares of CGI Group by 46.5% in the second quarter. US Bancorp DE now owns 2,519 shares of the company’s stock valued at $107,000 after buying an additional 799 shares during the period. Institutional investors own 71.59% of the company’s stock.

About CGI Group

CGI Group Inc (CGI) is a Canada-based company that provides information technology (IT) consulting, systems integration, IT outsourcing and business solutions. The Company’s delivery model provides for work to be carried out onsite at client premises, or through its centers located globally. In addition, CGI has a range of business solutions, which helps its clients and shareholders.

5 Day Chart for NYSE:GIB

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