CGI (GIB.A) Price Target Raised to C$90.00 at Barclays

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective lifted by equities research analysts at Barclays from C$89.00 to C$90.00 in a research note issued on Thursday. Barclays’ price objective points to a potential upside of 9.27% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. CIBC lifted their target price on shares of CGI from C$83.00 to C$90.00 and gave the stock a “c$85.65” rating in a research note on Monday, July 23rd. Raymond James lifted their target price on shares of CGI from C$85.00 to C$94.00 and gave the stock a “c$85.65” rating in a research note on Monday, July 23rd. Eight Capital lifted their target price on shares of CGI from C$80.00 to C$86.00 in a research note on Thursday, August 2nd. TD Securities lifted their target price 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. Finally, Desjardins cut shares of CGI from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$84.00 to C$89.00 in a research note on Wednesday, July 25th. Six research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$90.55.

GIB.A traded up C$0.89 on Thursday, hitting C$82.37. 422,472 shares of the company’s stock were exchanged, compared to its average volume of 766,117. CGI has a fifty-two week low of C$61.73 and a fifty-two week 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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