CGI Group (NYSE: GIB)‘s stock had its “sector outperform” rating reaffirmed by research analysts at CIBC in a report released on Monday. They currently have a $31.00 target price on the stock.
CGI Group traded down 0.46% on Monday, hitting $26.25. CGI Group has a 1-year low of $19.89 and a 1-year high of $28.35. The stock’s 50-day moving average is currently $26.05. The company has a market cap of $8.052 billion and a price-to-earnings ratio of 160.79.
CGI Group last announced its earnings results on Wednesday, January 30th. The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.46 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter last year, the company posted $0.40 earnings per share. CGI Group’s revenue was up 145.4% compared to the same quarter last year. Analysts expect that CGI Group will post $2.03 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of CGI Group from $26.50 to $27.50 in a research note to investors on Tuesday, January 29th. They now have an “outperform” rating on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of CGI Group in a research note to investors on Monday, December 17th. They now have a $26.00 price target on the stock, down previously from $30.00.
Ten analysts have rated the stock with a buy rating, two have given an overweight rating, and six have issued a hold rating to the company’s stock. The stock currently has an average rating of “overweight” and a consensus target price of $29.33.
CGI Group Inc. (CGI) is an independent provider of end-to-end information technology (IT) services and business process services (BPS) to clients globally.
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