CGI (TSE:GIB.A) Given New C$90.00 Price Target at Barclays

CGI (TSE:GIB.A) (NYSE:GIB) had its target price increased by investment analysts at Barclays from C$89.00 to C$90.00 in a note issued to investors on Thursday, November 8th. The brokerage currently has an “average” rating on the stock. Barclays’ price objective would suggest a potential upside of 5.88% from the stock’s current price.

Several other brokerages have also issued reports on GIB.A. Eight Capital boosted their target price on CGI from C$80.00 to C$86.00 in a research note on Thursday, August 2nd. TD Securities lifted their price target on 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 target on 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. BMO Capital Markets set a C$94.00 target price on CGI and gave the stock an “outperform” rating in a research report on Wednesday, July 25th. Finally, Desjardins cut CGI from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$84.00 to C$89.00 in a research report on Wednesday, July 25th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$90.55.

CGI stock remained flat at $C$85.00 during mid-day trading on Thursday. The company’s stock had a trading volume of 658,893 shares, compared to its average volume of 766,117. CGI has a 12-month low of C$61.73 and a 12-month high of C$77.22.

CGI 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.

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Analyst Recommendations for CGI (TSE:GIB.A)

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