In a new note to investors today, an analyst has provided a rating update for CGI Group Cl A SV (GIB.A). Scotiabank’s analyst Paul Steep reiterates their Hold rating on the shares, with a C$88 price target.
According to TipRanks.com, Steep is a 4-star analyst with an average return of 8.7% and a 75.8% success rate. Steep covers the Technology sector, focusing on stocks such as Enghouse Systems Limited, Maxar Technologies Ltd, and CGI Group.
Read also: Nvidia (NVDA) Stock: Analyst Encourages Investors to Keep Waiting for Lower Entry Point
Currently, the analyst consensus on CGI Group Cl A SV is a Moderate Buy with an average price target of C$92.17.
The company has a one-year high of C$87.22 and a one-year low of C$65.14. Currently, CGI Group Cl A SV has an average volume of 539K.
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 Wednesday at C$81.47.
