CGI (GIB.A) Raised to “Buy” at Desjardins

Desjardins upgraded shares of CGI (TSE:GIB.A) (NYSE:GIB) from a hold rating to a buy rating in a research report report published on Wednesday. Desjardins currently has C$93.50 price target on the stock, up from their previous price target of C$89.00.

Other equities research analysts have also recently issued research reports about the stock. Barclays lifted their price objective on shares of CGI from C$83.00 to C$89.00 in a research report on Thursday, August 2nd. Eight Capital lifted their price objective on shares of CGI from C$80.00 to C$86.00 in a research report on Thursday, August 2nd. TD Securities lifted their price objective on shares of CGI from C$87.00 to C$96.00 and gave the company a buy rating in a research report on Thursday, August 2nd. Raymond James lifted their price objective on shares of CGI from C$85.00 to C$94.00 and gave the company a c$85.65 rating in a research report on Monday, July 23rd. Finally, CIBC lifted their price objective on shares of CGI from C$83.00 to C$90.00 and gave the company a c$85.65 rating in a research report on Monday, July 23rd. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and a consensus price target of C$89.15.

TSE GIB.A opened at C$80.38 on Wednesday. CGI has a 12 month low of C$61.73 and a 12 month high of C$77.22.

About CGI

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.

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Analyst Recommendations for CGI (TSE:GIB.A)

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