CGI Group, Inc. (GIB) – What Are Analysts Thinking About This Stock?

Shares of CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) have received a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $83.67.

A number of research analysts recently issued reports on GIB shares. Royal Bank Of Canada restated a “sector perform” rating and set a $100.00 price objective on shares of CGI Group in a report on Tuesday, October 6th. Weiss Ratings upgraded shares of CGI Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 21st. Finally, TD Securities cut shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd.

CGI Group Stock Performance

Shares of GIB stock opened at $82.46 on Friday. The stock has a market cap of $17.08 billion, a PE ratio of 14.14 and a beta of 0.42. The stock has a 50-day moving average of $73.73 and a 200-day moving average of $72.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.66. CGI Group has a one year low of $59.63 and a one year high of $95.20.

Institutional Trading of CGI Group

Hedge funds have recently added to or reduced their stakes in the business. State of Wyoming bought a new position in CGI Group during the third quarter worth about $64,000. EverSource Wealth Advisors LLC grew its stake in CGI Group by 21.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,334 shares of the technology company’s stock valued at $98,000 after acquiring an additional 237 shares during the period. Versant Capital Management Inc increased its holdings in shares of CGI Group by 48.0% in the third quarter. Versant Capital Management Inc now owns 2,313 shares of the technology company’s stock worth $158,000 after acquiring an additional 750 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of CGI Group in the third quarter worth about $206,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of CGI Group in the third quarter worth about $212,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

CGI Group Company Profile

CGI Inc, formerly known as CGI Group, is a Canadian information technology and business consulting company headquartered in Montreal, Quebec. Founded in 1976, the company provides technology and business solutions to organizations in the private and public sectors.

CGI’s services include business and IT consulting, systems integration, application development and management, cloud computing, cybersecurity, data analytics, digital transformation, and managed IT services. The company also develops and supports proprietary software and industry-specific solutions for areas such as financial services, government, healthcare, manufacturing, telecommunications, utilities, and retail.

CGI serves clients through operations across North America, Europe, and the Asia-Pacific region.