Barclays Remains a Buy on CGI Group Cl A SV (GIB.A)

By Jason Carr

In a latest note to investors, a research analyst has provided a rating update for the Technology company, CGI Group Cl A SV (GIB.AResearch Report). The company received a Buy on May 1 from Barclays’ analyst Phillip Huang, with a C$105 price target.

According to TipRanks.com, Huang is a 5-star analyst with an average return of 11.2% and a 80.7% success rate. Huang covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and Open Text.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CGI Group Cl A SV with a C$103.80 average price target, implying a 7.1% upside from current levels. In a report issued on April 16, RBC Capital also reiterated a Buy rating on the stock with a C$100 price target.

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The company has a one-year high of C$98 and a one-year low of C$75.54. Currently, CGI Group Cl A SV has an average volume of 521.1K.

CGI, Inc. engages in the provision of information technology (IT) and consulting services. It operates through the following segments: Northern Europe, Canada, France, U.S. Commercial and State Government, U.S. Federal, U.K., Eastern, Central and Southern Europe (ECS), and Asia Pacific Global Delivery Centers of Excellence (APC).

The company’s shares closed on Friday at C$96.93, close to its 52-week high of C$98.