Barclays Maintains CGI Group Inc to Overweight with Price Target $52.00

Brokerage firm Barclays Maintains its rating on CGI Group Inc(NYSE:GIB). In a research note issued to the investors, the brokerage major Raises the price-target to $52.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Jul 28, 2016.

In a different note, On May 27, 2016, Desjardins said it Upgrades its rating on CGI Group Inc. The shares have been rated ‘Buy’ by the firm.

CGI Group Inc (GIB) made into the market gainers list on Thursdays trading session with the shares advancing 0.60% or 0.29 points. Due to strong positive momentum, the stock ended at $48.92, which is also near the day’s high of $49.09. The stock began the session at $48.45 and the volume stood at 1,43,024 shares. The 52-week high of the shares is $49.5 and the 52 week low is $31.99. The company has a current market capitalization of $14,866 M and it has 30,38,84,850 shares in outstanding.

CGI Group Inc(GIB) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $2.03B. Analysts had an estimated revenue of $2.67B. Earnings per share were $0.68. Analysts had estimated an EPS of $0.89.

CGI Group Inc (CGI) is a Canada-based company that provides information technology (IT) consulting systems integration IT outsourcing and business solutions. The Company’s delivery model provides for work to be carried out onsite at client premises or through its centers located globally. In addition CGI has a range of business solutions which helps its clients and shareholders. CGI has a range of business solutions which helps its clients and shareholders. It includes Momentum CGI Advantage and Credit Services Solutions. CGI offers its end-to-end services to a focused set of industry vertical markets such as financial services government health telecommunications and utilities and manufacturing retail and distribution (MRD). The Company provides a full range of IT and management consulting services including business transformation IT strategic planning business process engineering and systems architecture.

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