RBC Capital Believes CGI Group Cl A SV (TSX: GIB.A) Won’t Stop Here

By Austin Angelo

Wall Street analyst has provided a review for the Technology company today, but retained the same rating on the stock. RBC Capital’s analyst Matt Barasch reiterates their Buy rating on the shares of CGI Group Cl A SV (TSX: GIB.A), with a C$75 price target.

Barasch has an average return of 5.1% when recommending CGI Group Cl A SV.

According to TipRanks.com, Barasch is ranked #1230 out of 4572 analysts.

Currently, the analyst consensus on CGI Group Cl A SV is Strong Buy and the average price target is C$74.50, representing a 12.5% upside.

In a report issued on May 26, Canaccord Genuity also reiterated a Buy rating on the stock with a C$74 price target.

CGI Group Cl A SV’s market cap is currently C$19.62B and has a P/E ratio of 18.1.

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.

The company’s shares closed last Friday at $66.21, close to its 52-week high of $67.27.