Analysts seem to be optimistic about CGI Group Cl A SV (GIB.A) lately, as another research firm gave the stock a Buy rating today. Analyst Steven Li from Raymond James rated CGI Group Cl A SV (GIB.A) a Buy, setting a C$94 price target.
Li has an average return of 11.3% when recommending CGI Group Cl A SV.
According to TipRanks.com, Li is ranked #1188 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, implying an 9.0% upside from current levels. 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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Based on CGI Group Cl A SV’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$312 million. In comparison, last year the company had a net profit of C$285 million.
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.
