CGI Group Receives Average Rating of “Buy” from Brokerages (NYSE:GIB)
Shares of CGI Group (NYSE:GIB) have been given an average rating of “Buy” by the twelve ratings firms that are covering the stock, AnalystRatingsNetwork reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $44.29.
GIB has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of CGI Group in a research note on Friday, July 11th. They set an “outperform” rating and a $48.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of CGI Group in a research note on Thursday, May 22nd. They now have a $24.00 price target on the stock. Finally, analysts at Societe Generale raised their price target on shares of CGI Group from C$42.00 to C$48.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock.
CGI Group (NYSE:GIB) traded down 0.95% on Monday, hitting $35.36. The stock had a trading volume of 26,877 shares. CGI Group has a 52 week low of $28.44 and a 52 week high of $39.47. The stock has a 50-day moving average of $34.65 and a 200-day moving average of $32.96. The company has a market cap of $10.879 billion and a P/E ratio of 16.51.
CGI Group (NYSE:GIB) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that CGI Group will post $2.85 earnings per share for the current fiscal year.
CGI Group Inc (NYSE:GIB) provides information technology (IT) consulting, systems integration, IT outsourcing and business solutions.
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