CGI (TSE:GIB.A) (NYSE:GIB) had its price objective hoisted by investment analysts at Royal Bank of Canada from C$92.00 to C$95.00 in a research report issued on Thursday. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 16.31% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Desjardins raised shares of CGI from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$89.00 to C$93.50 in a research note on Wednesday, October 31st. BMO Capital Markets set a C$94.00 price target on shares of CGI and gave the stock an “outperform” rating in a research note on Wednesday, July 25th. TD Securities boosted their price target on shares of CGI from C$87.00 to C$96.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Barclays boosted their price target on shares of CGI from C$83.00 to C$89.00 in a research note on Thursday, August 2nd. Finally, Eight Capital boosted their price target on shares of CGI from C$80.00 to C$86.00 in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$90.55.
Shares of TSE GIB.A opened at C$81.68 on Thursday. CGI has a 1-year low of C$61.73 and a 1-year high of C$77.22.
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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