Jefferies Maintains CGI Group Inc to Hold with Price Target $47.00

Brokerage firm Jefferies 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 $47.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Aug 1, 2016.

In a different note, On Jul 28, 2016, Barclays said it Maintains its rating on CGI Group Inc. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Overweight’ by the firm. 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) shares turned negative on Mondays trading session with the shares closing down -0.42 points or -0.86% at a volume of 1,39,463. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $49.17. The peak price level was also seen at $49.17 while the days lowest was $48.55. Finally the shares closed at $48.67. The 52-week high of the shares is $49.5 while the 52-week low is $31.99. According to the latest information available, the market cap of the company is $14,790 M.

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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