CGI Group (GIB) Lifted to Buy at Desjardins

Desjardins upgraded shares of CGI Group (TSE:GIB) from a hold rating to a buy rating in a research report released on Tuesday morning. Desjardins also issued estimates for CGI Group’s Q4 2018 earnings at $1.08 EPS, FY2018 earnings at $4.19 EPS, FY2019 earnings at $4.79 EPS and FY2020 earnings at $5.37 EPS.

CGI Group (TSE:GIB) last posted its quarterly earnings data on Wednesday, August 1st. The company reported C$1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.09 by C($0.01). The firm had revenue of C$2.94 billion during the quarter, compared to analysts’ expectations of C$2.98 billion.

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