CGI Group Cl A SV (GIB.A) Gets a Buy Rating from Raymond James

By Jason Carr

Today, an analyst has provided a rating update for the Technology company, CGI Group Cl A SV (GIB.AResearch Report). Analyst Steven Li from Raymond James rated CGI Group Cl A SV (GIB.AResearch Report) a Buy, setting a C$100 price target.

According to TipRanks.com, Li is a 4-star analyst with an average return of 7.6% and a 71.6% success rate. Li covers the Technology sector, focusing on stocks such as Maxar Technologies Ltd, CGI Group, and Open Text.

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CGI Group Cl A SV has an analyst consensus of Moderate Buy, with a price target consensus of C$94.42.

Based on CGI Group Cl A SV’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$311 million. In comparison, last year the company had a net profit of C$274 million.

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 Monday at C$94.60.