CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) – Stock analysts at National Bank Financial decreased their FY2018 earnings per share (EPS) estimates for shares of CGI Group in a note issued to investors on Wednesday. National Bank Financial analyst R. Tse now forecasts that the technology company will earn $3.14 per share for the year, down from their previous forecast of $3.18.
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A number of other research firms also recently commented on GIB. Zacks Investment Research downgraded CGI Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Scotiabank lifted their target price on CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $85.00 target price (up previously from $75.00) on shares of CGI Group in a report on Thursday, November 9th. Barclays PLC reaffirmed an “overweight” rating and set a $60.00 target price (up previously from $55.00) on shares of CGI Group in a report on Thursday, August 3rd. Finally, BidaskClub downgraded CGI Group from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $68.75.
CGI Group (NYSE:GIB) traded down $0.38 during trading on Monday, hitting $52.97. The company had a trading volume of 176,200 shares, compared to its average volume of 177,685. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 0.72. CGI Group has a 12-month low of $45.81 and a 12-month high of $53.85. The firm has a market capitalization of $15,753.99, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 1.87 and a beta of 0.91.
A number of large investors have recently made changes to their positions in GIB. Advisor Group Inc. lifted its holdings in CGI Group by 21.2% in the second quarter. Advisor Group Inc. now owns 2,172 shares of the technology company’s stock valued at $111,000 after acquiring an additional 380 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in CGI Group in the second quarter valued at approximately $202,000. Letko Brosseau & Associates Inc. acquired a new position in CGI Group in the second quarter valued at approximately $203,000. Marshall Wace North America L.P. acquired a new position in CGI Group in the second quarter valued at approximately $214,000. Finally, Intercontinental Wealth Advisors LLC acquired a new position in CGI Group in the second quarter valued at approximately $217,000. 60.16% of the stock is owned by institutional investors.
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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