Canaccord Genuity Believes CGI Group Cl A SV (GIB.A) Won’t Stop Here


The Technology company, CGI Group Cl A SV (GIB.A), has received a rating update from a Wall Street analyst today. Analyst Robert Young from Canaccord Genuity rated CGI Group Cl A SV (GIB.A) a Buy, setting a C$95 price target.

Young has an average return of 13.0% when recommending CGI Group Cl A SV.

According to TipRanks.com, Young is ranked #401 out of 5140 analysts.

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CGI Group Cl A SV has an analyst consensus of Moderate Buy, with a price target consensus of C$94.06, representing an 9.0% upside. In a report issued on January 16, BMO Capital also maintained a Buy rating on the stock with a C$94 price target.

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CGI Group Cl A SV’s market cap is currently C$23.95B and has a P/E ratio of 21.4. The company has a Price to Book ratio of 3.58.

CGI Group, Inc. engages in the provision of information technology (IT) and consulting services. It operates through the following segments: Northern Europe, Canada, France, U.S. Commercial and State Government, U.S. Federal, U.K., Eastern, Central and Southern Europe (ECS), and Asia Pacific Global Delivery Centers of Excellence (APC).

The company’s shares closed on Thursday at C$86.31, close to its 52-week high of C$87.40.

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