CGI Group Inc (NYSE:GIB) (TSE:GIB.A) has been given a consensus recommendation of “Buy” by the eight research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $72.33.

A number of equities research analysts have recently commented on GIB shares. Zacks Investment Research raised CGI Group from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday. Scotiabank lifted their target price on CGI Group from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 target price (up previously from $75.00) on shares of CGI Group in a research report on Thursday, November 9th.

A number of institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. raised its position in CGI Group by 21.2% in the 2nd quarter. Advisor Group Inc. now owns 2,172 shares of the technology company’s stock valued at $111,000 after buying an additional 380 shares during the last quarter. Voya Investment Management LLC raised its position in CGI Group by 11.1% in the 2nd quarter. Voya Investment Management LLC now owns 8,371 shares of the technology company’s stock valued at $427,000 after buying an additional 837 shares during the last quarter. Regentatlantic Capital LLC raised its position in CGI Group by 1.6% in the 3rd quarter. Regentatlantic Capital LLC now owns 61,541 shares of the technology company’s stock valued at $3,192,000 after buying an additional 960 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in CGI Group by 0.9% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 130,860 shares of the technology company’s stock valued at $7,125,000 after buying an additional 1,115 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its position in CGI Group by 14.6% in the 3rd quarter. ETRADE Capital Management LLC now owns 13,968 shares of the technology company’s stock valued at $725,000 after buying an additional 1,784 shares during the last quarter. 66.55% of the stock is currently owned by institutional investors and hedge funds.

CGI Group (GIB) traded up $0.12 during midday trading on Friday, hitting $54.13. The stock had a trading volume of 160,500 shares, compared to its average volume of 178,767. The firm has a market capitalization of $15,512.86, a price-to-earnings ratio of 20.82, a P/E/G ratio of 1.90 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.72 and a current ratio of 1.06. CGI Group has a 52 week low of $45.81 and a 52 week high of $54.99.

CGI Group (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). CGI Group had a return on equity of 17.51% and a net margin of 9.52%. analysts anticipate that CGI Group will post 3.15 EPS for the current fiscal year.

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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.

Analyst Recommendations for CGI Group (NYSE:GIB)

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