CGI Group (NYSE:GIB) (TSE:GIB.A)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a research report issued on Thursday, November 9th, Marketbeat.com reports. They presently have a $85.00 target price on the technology company’s stock, up from their prior target price of $75.00. Royal Bank Of Canada’s target price suggests a potential upside of 58.46% from the stock’s previous close.
Several other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of CGI Group from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a research note on Friday, July 21st. Barclays restated an “overweight” rating and set a $60.00 target price (up previously from $55.00) on shares of CGI Group in a research note on Thursday, August 3rd. Finally, BidaskClub cut shares of CGI Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $68.75.
Shares of CGI Group (NYSE GIB) opened at $53.64 on Thursday. The company has a market cap of $15,978.41, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.91 and a beta of 0.91. CGI Group has a 1 year low of $45.81 and a 1 year high of $54.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 0.72.
WARNING: “CGI Group (GIB) Rating Reiterated by Royal Bank Of Canada” was originally reported by BBNS and is the property of of BBNS. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://baseballnewssource.com/markets/cgi-group-inc-gib-earns-outperform-rating-from-royal-bank-of-canada/1771570.html.
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.
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 our FREE daily email newsletter.