CGI Group Cl A SV (GIB.A), the Technology company, was revisited by a Wall Street analyst yesterday. Analyst Paul Steep from Scotiabank rated CGI Group Cl A SV (GIB.A) a Hold, setting a C$90 price target.
Steep has an average return of 11.0% when recommending CGI Group Cl A SV.
According to TipRanks.com, Steep is ranked #386 out of 5231 analysts.
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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$94.21.
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$311 million. In comparison, last year the company had a net profit of C$285 million.
CGI, 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 Monday at C$89.50, close to its 52-week high of C$90.08.
