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CGI Group Cl A SV (GIB.A) Receives a Buy from Barclays


Shares of CGI Group Cl A SV (GIB.A) were revisited by a Wall Street analyst on November 7. Barclays’ analyst Phillip Huang reiterates their Buy rating on the shares, with a C$90 price target.

According to TipRanks.com, Huang is a 5-star analyst with an average return of 9.1% and a 73.1% success rate. Huang covers the Technology sector, focusing on stocks such as CGI Group, Open Text, and Descartes.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CGI Group Cl A SV with a C$91.30 average price target, implying an 11.1% upside from current levels. In a report issued on October 31, Desjardins also upgraded the stock to Buy with a C$93.50 price target.

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Based on CGI Group Cl A SV’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$293 million. In comparison, last year the company had a net profit of C$208 million.

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 Thursday at C$82.19.