CGI Group Inc (GIB.A) Given Consensus Rating of “Buy” by Brokerages
CGI Group Inc (TSE:GIB.A) (NYSE:GIB) has earned a consensus rating of “Buy” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$72.23.
A number of research analysts have recently weighed in on the company. Eight Capital lowered CGI Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from C$74.00 to C$72.00 in a report on Wednesday, July 19th. Scotiabank cut 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. Finally, 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.
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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.
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