CGI Group (TSE:GIB) Upgraded by Scotiabank to “Hold” Rating

Scotiabank upgraded shares of CGI Group (TSE:GIB) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group cut CGI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Cibc Captl Mkts downgraded shares of CGI Group from a “strong-buy” rating to a “hold” rating in a research report on Sunday, December 14th. Finally, TD Securities upgraded shares of CGI Group to a “strong-buy” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CGI Group has an average rating of “Moderate Buy”.

CGI Group Price Performance

About CGI Group

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also offers application development, integration and maintenance, testing, portfolio management, and modernization services; business consulting; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure services.