Canaccord Genuity Keeps a Buy Rating on CGI Group (GIB)


In a report released today, Robert Young from Canaccord Genuity maintained a Buy rating on CGI Group (GIB), with a price target of C$100.00. The company’s shares closed last Tuesday at $61.11.

According to TipRanks.com, Young is a 5-star analyst with an average return of 16.8% and a 68.1% success rate. Young covers the Technology sector, focusing on stocks such as Celestica, Docebo, and Exfo.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CGI Group with a $74.37 average price target, a 17.5% upside from current levels. In a report issued on April 20, Scotiabank also maintained a Buy rating on the stock with a C$90.00 price target.

See today’s analyst top recommended stocks >>

Based on CGI Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.05 billion and net profit of $290 million. In comparison, last year the company earned revenue of $2.96 billion and had a net profit of $311 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 Northern Europe segment includes Nordics, Baltics, and Poland operations. The France segment comprises of the Luxembourg and Morocco operations. The ECS segment covers Netherlands and Germany. The APC segment covers India and Philippines. The company was founded by Serge Godin and André Imbeau in June 1976 and is headquartered in Montreal, Canada.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts