CGI’s (GIB.A) “Outperform” Rating Reiterated at Raymond James

Raymond James reissued their outperform rating on shares of CGI (TSE:GIB.A) (NYSE:GIB) in a research report report published on Tuesday. The firm currently has a C$94.00 target price on the stock.

Several other research firms also recently commented on GIB.A. Royal Bank of Canada raised their target price on CGI from C$92.00 to C$95.00 and gave the stock an outperform rating in a research report on Thursday, November 8th. Eight Capital raised their target price on CGI from C$86.00 to C$88.00 in a research report on Thursday, November 8th. Barclays raised their target price on CGI from C$89.00 to C$90.00 and gave the stock an average rating in a research report on Thursday, November 8th. Desjardins upgraded CGI from a hold rating to a buy rating and raised their target price for the stock from C$89.00 to C$93.50 in a research report on Wednesday, October 31st. Finally, BMO Capital Markets restated an outperform rating and set a C$94.00 target price on shares of CGI in a research report on Tuesday, December 4th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. CGI presently has a consensus rating of Buy and a consensus target price of C$90.55.

Shares of TSE:GIB.A opened at C$86.08 on Tuesday. CGI has a twelve month low of C$61.73 and a twelve month high of C$77.22.

About CGI

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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Analyst Recommendations for CGI (TSE:GIB.A)

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