CGI Group (NYSE:GIB) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on GIB. Analysts at Jefferies Group initiated coverage on shares of CGI Group in a research note to investors on Wednesday, October 16th. They set a “hold” rating and a $37.00 price target on the stock. Analysts at Deutsche Bank downgraded shares of CGI Group from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $34.33.
CGI Group (NYSE:GIB) traded down 4.25% during mid-day trading on Wednesday, hitting $33.57. 117,385 shares of the company’s stock traded hands. CGI Group has a 1-year low of $22.51 and a 1-year high of $35.54. The stock has a 50-day moving average of $33.33 and a 200-day moving average of $29.78. The company has a market cap of $10.362 billion and a price-to-earnings ratio of 72.29.
CGI Group (NYSE:GIB) last released its earnings data on Wednesday, July 31st. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 141.0% on a year-over-year basis. Analysts expect that CGI Group will post $2.23 EPS for the current fiscal year.
CGI Group Inc (NYSE:GIB) is an independent provider of end-to-end information technology (IT) services and business process services (BPS) to clients globally.
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