PI Financial analyst Gus Papageorgiou maintained a Hold rating on CGI Group (GIB) today and set a price target of C$111.00. The company’s shares closed last Monday at $61.76.
According to TipRanks.com, Papageorgiou is a 5-star analyst with an average return of 23.3% and a 63.6% success rate. Papageorgiou covers the Technology sector, focusing on stocks such as BlackBerry, Celestica, and Open Text.
CGI Group has an analyst consensus of Moderate Buy, with a price target consensus of $76.50.
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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.
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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.
