Raymond James analyst Steven Li maintained a Buy rating on CGI Group (GIB) today and set a price target of C$102.00. The company’s shares closed last Wednesday at $58.89.
Li has an average return of 1.2% when recommending CGI Group.
According to TipRanks.com, Li is ranked #762 out of 6484 analysts.
Currently, the analyst consensus on CGI Group is a Moderate Buy with an average price target of $77.26, representing a 31.1% upside. In a report issued on April 20, Scotiabank also maintained a Buy rating on the stock with a C$90.00 price target.
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CGI Group’s market cap is currently $15.55B and has a P/E ratio of 17.20. The company has a Price to Book ratio of -14.10.
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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.
