CGI Group Inc (NYSE:GIB) (TSE:GIB.A) has been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $72.33.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Scotiabank increased their price objective on shares of CGI Group from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price objective (up previously from $75.00) on shares of CGI Group in a research report on Thursday, November 9th.

A number of hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its position in CGI Group by 21.2% during the second quarter. Advisor Group Inc. now owns 2,172 shares of the technology company’s stock valued at $111,000 after purchasing an additional 380 shares during the last quarter. Voya Investment Management LLC lifted its position in CGI Group by 11.1% during the second quarter. Voya Investment Management LLC now owns 8,371 shares of the technology company’s stock valued at $427,000 after purchasing an additional 837 shares during the last quarter. Regentatlantic Capital LLC lifted its position in CGI Group by 1.6% during the third quarter. Regentatlantic Capital LLC now owns 61,541 shares of the technology company’s stock valued at $3,192,000 after purchasing an additional 960 shares during the last quarter. ETRADE Capital Management LLC lifted its position in CGI Group by 14.6% during the third quarter. ETRADE Capital Management LLC now owns 13,968 shares of the technology company’s stock valued at $725,000 after purchasing an additional 1,784 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CGI Group by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 94,044 shares of the technology company’s stock valued at $4,865,000 after purchasing an additional 2,278 shares during the last quarter. Institutional investors and hedge funds own 66.66% of the company’s stock.

Shares of CGI Group (GIB) traded down $0.50 during trading hours on Monday, hitting $54.15. 138,000 shares of the company were exchanged, compared to its average volume of 175,708. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.29. CGI Group has a 12-month low of $45.81 and a 12-month high of $54.99. The company has a market capitalization of $13,640.00, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.93 and a beta of 0.87.

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About CGI Group

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)

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