CGI Group Inc (TSE:GIB.A) Target Raised

In an analyst report shared with investors and clients by TD Securities on Tuesday, 28 June, Cgi Group Inc (TSE:GIB.A) had its price target downgraded to $65.00. The firm presently has “Buy” rating on the stock.

After (TSE:GIB.A) target decrease, the stock is now trading 0.98% higher at $54.38 as of 09:30 New York time. CGI Group Inc.’s stock is up 12.23% over the last 200 days. It has outperformed the S&P500 Index, which has risen 2.47% over the same time.

According to data compiled by Thomson Reuters, CGI Group Inc (TSE:GIB.A)’s stock is covered by 19 equity analysts across the Street, with 1 analysts giving it a Sell rating, 15 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $49.46, which reflects an downside potential of 9.05% over the current price.

TSE:GIB.A Price Chart & Trend

The stock price of CGI Group Inc. has increased 12.23% over the last 200 days, and is in strong up trend. In the last 50 and 100 days, CGI Group Inc. is down 14.9% and down 11.45%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

CGI Group Inc (TSE:GIB.A) Profile

CGI Group Inc (CGI) is a Canada-based company that provides information technology (IT) consulting, systems integration, IT outsourcing and business solutions. The Company’s delivery model provides for work to be carried out onsite at client premises, or through its centers located globally. In addition, CGI has a range of business solutions, which helps its clients and shareholders.

CGI Group Inc (TSE:GIB.A) traded up 0.98% on 28 June, hitting $54.38. A total of 769,799 shares of the company’s stock traded hands. This is up from average of 526,426 shares. CGI Group Inc. has a 52 week low of $42.49 and a 52 week high of $63.62. The company has a market cap of $14.05B and a P/E ratio of 17.1.

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The post CGI Group Inc (TSE:GIB.A) Had Its Price Target Lowered by 4.41 % at TD Securities to $65.00 appeared first on Octafinance.