Royal Bank Of Canada Increases CGI Group Inc (GIB.A) Price Target to C$75.00
CGI Group Inc (TSE:GIB.A) had its target price upped by stock analysts at Royal Bank Of Canada from C$68.00 to C$75.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the stock.
A number of other research analysts also recently commented on the company. TD Securities reaffirmed a “buy” rating and set a C$65.00 target price on shares of CGI Group in a report on Monday, July 25th. Scotiabank reaffirmed an “outperform” rating and set a C$67.00 target price on shares of CGI Group in a report on Wednesday, July 20th. CIBC increased their target price on CGI Group from C$65.00 to C$68.50 and gave the stock an “outperform” rating in a report on Friday, August 19th. Canaccord Genuity increased their target price on CGI Group from C$68.00 to C$70.00 in a report on Thursday, July 28th. Finally, Desjardins set a C$67.50 target price on CGI Group in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. CGI Group currently has a consensus rating of “Buy” and a consensus price target of C$68.28.
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.
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