CGI Group (GIB.A) Reaches New 1-Year High at $72.79

CGI Group Inc (TSE:GIB.A) (NYSE:GIB) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$72.79 and last traded at C$72.73, with a volume of 940479 shares changing hands. The stock had previously closed at C$70.55.

A number of research analysts have recently issued reports on GIB.A shares. Royal Bank of Canada lifted their price target on CGI Group from C$75.00 to C$80.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Raymond James Financial lifted their price target on CGI Group from C$72.00 to C$76.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Scotiabank raised their price objective on CGI Group from C$71.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. BMO Capital Markets raised their price objective on CGI Group from C$74.00 to C$75.00 in a research report on Tuesday, January 23rd. Finally, TD Securities raised their price objective on CGI Group from C$77.00 to C$81.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. CGI Group presently has an average rating of “Buy” and a consensus price target of C$77.70.

The stock has a market capitalization of $18,490.00, a PE ratio of 20.71 and a beta of 0.37.

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About CGI Group

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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