CGI Group Inc (TSE:GIB.A) (NYSE:GIB) reached a new 52-week high during trading on Friday . The company traded as high as C$70.00 and last traded at C$69.31, with a volume of 1190000 shares. The stock had previously closed at C$68.19.

GIB.A has been the subject of a number of research reports. Scotiabank raised their price target on shares of CGI Group from C$71.00 to C$72.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. National Bank Financial reiterated an “outperform” rating and set a C$80.00 price objective on shares of CGI Group in a report on Wednesday, August 23rd. Royal Bank of Canada lifted their price objective on shares of CGI Group from C$75.00 to C$80.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Finally, Raymond James Financial lifted their price objective on shares of CGI Group from C$72.00 to C$76.00 and gave the company an “outperform” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$73.44.

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About CGI Group

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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