Brokerages Set CGI Group Inc (GIB.A) Price Target at $72.23

CGI Group Inc (TSE:GIB.A) (NYSE:GIB) has received an average rating of “Buy” from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$72.23.

Several equities analysts have recently commented on the company. Scotiabank lowered their price objective on CGI Group from C$72.00 to C$71.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Eight Capital downgraded CGI Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from C$74.00 to C$72.00 in a research report on Wednesday, July 19th. Finally, National Bank Financial restated an “outperform” rating and issued a C$80.00 price objective on shares of CGI Group in a research 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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