Raymond James Financial, Inc. Boosts CGI Group Inc (GIB.A) Price Target to C$76.00

CGI Group Inc (TSE:GIB.A) (NYSE:GIB) had its price target raised by analysts at Raymond James Financial, Inc. from C$72.00 to C$76.00 in a note issued to investors on Monday. The brokerage currently has an “outperform” rating on the stock.

Several other research firms have also recently issued reports on GIB.A. National Bank Financial restated an “outperform” rating and set a C$80.00 price objective on shares of CGI Group in a report on Wednesday, August 23rd. Eight Capital cut CGI Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from C$74.00 to C$72.00 in a report on Wednesday, July 19th. Finally, Scotiabank decreased 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$72.54.

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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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