CGI Group Receives a Buy from Canaccord Genuity

By Ryan Adsit

Canaccord Genuity analyst Robert Young reiterated a Buy rating on CGI Group (NYSE: GIB) today. The company’s shares opened today at $47.55.

According to TipRanks.com, Young is a 2-star analyst with an average return of -0.5% and a 61.5% success rate. Young covers the Technology sector, focusing on stocks such as Dragonwave Inc, CounterPath, and Wi-Lan Inc.

CGI Group has an analyst consensus of Moderate Buy.

The company has a one year high of $50.58 and a one year low of $36.04. Currently, CGI Group has an average volume of 135.3K.

CGI Group, Inc. provides information technology and business process solutions. The company operates through following segments: Canada, United States, Nordics, France, the United Kingdom, ECS and Asia Pacific. Its services include systems integration and consulting, application management, technology management, and business process services. It also provides end to end information technology and business process services to clients in Canada, United States, Europe and Asia Pacific. The company was founded by Serge Godin and André Imbeau in June 1976 and is headquartered in Québec, Canada.