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CGI Group Cl A SV (GIB.A) Received its Third Buy in a Row


Analysts have been quite happy with CGI Group Cl A SV (GIB.A) stock lately, as another research firm gave the stock a Buy rating yesterday. The company received a Buy rating from Desjardins’ analyst Maher Yaghi, with a C$94.50 price target.

According to TipRanks.com, Yaghi is a 4-star analyst with an average return of 7.1% and a 73.9% success rate. Yaghi covers the Technology sector, focusing on stocks such as CGI Group, BCE Inc, and Telus.

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Currently, the analyst consensus on CGI Group Cl A SV is a Moderate Buy with an average price target of C$91.50, representing a 12.0% upside. In a report issued on November 7, Raymond James also maintained a Buy rating on the stock.

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The company has a one-year high of C$87.22 and a one-year low of C$65.86. Currently, CGI Group Cl A SV has an average volume of 542.9K.

CGI Group, Inc. engages in the provision of IT and consulting services. Its services include application services, business services, business process services, infrastructure services, IT outsourcing services, and system integration services.

The company’s shares closed on Friday at C$81.68.