CGI Group Inc (GIB.A) Reaches New 12-Month High on Analyst Upgrade

CGI Group Inc (TSE:GIB.A) (NYSE:GIB) hit a new 52-week high on Tuesday after Raymond James Financial raised their price target on the stock from C$72.00 to C$76.00. Raymond James Financial currently has an outperform rating on the stock. CGI Group traded as high as C$69.36 and last traded at C$69.02, with a volume of shares changing hands.

Other research analysts have also issued research reports about the company. Eight Capital lowered CGI Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock 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 for the company in a report on Thursday, August 3rd. Finally, National Bank Financial reissued an “outperform” rating and set a C$80.00 price objective on shares of CGI Group in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus 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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