Shares of CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) have been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $60.25.

A number of equities research analysts recently weighed in on GIB shares. Zacks Investment Research downgraded CGI Group from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. Beacon Securities reaffirmed a “buy” rating on shares of CGI Group in a research report on Wednesday, May 3rd. Finally, BidaskClub raised CGI Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th.

CGI Group (GIB) traded up 0.34% during trading on Friday, hitting $53.15. The stock had a trading volume of 34,358 shares. The stock has a market capitalization of $15.75 billion, a PE ratio of 18.87 and a beta of 0.92. CGI Group has a 52-week low of $45.73 and a 52-week high of $53.65. The stock’s 50-day moving average is $51.34 and its 200-day moving average is $48.87.

CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by $0.01. CGI Group had a net margin of 10.31% and a return on equity of 17.38%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the business earned $0.86 EPS. CGI Group’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts predict that CGI Group will post $2.95 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “CGI Group, Inc. (GIB) Given Consensus Rating of “Buy” by Analysts” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/07/28/cgi-group-inc-gib-given-consensus-rating-of-buy-by-analysts.html.

Several hedge funds and other institutional investors have recently made changes to their positions in GIB. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CGI Group by 17.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 119,358 shares of the technology company’s stock valued at $5,703,000 after buying an additional 18,012 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of CGI Group by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 317,938 shares of the technology company’s stock valued at $15,239,000 after buying an additional 7,741 shares during the last quarter. US Bancorp DE boosted its position in shares of CGI Group by 2.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the technology company’s stock valued at $106,000 after buying an additional 52 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of CGI Group by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 631,494 shares of the technology company’s stock valued at $30,248,000 after buying an additional 1,731 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its position in shares of CGI Group by 7.9% in the first quarter. Eqis Capital Management Inc. now owns 12,572 shares of the technology company’s stock valued at $603,000 after buying an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 63.36% of the company’s stock.

CGI Group Company Profile

CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.

Analyst Recommendations for CGI Group (NYSE:GIB)

Receive News & Ratings for CGI Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.