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Canaccord Genuity Stick to Their Buy Rating for Cgi Group

Published 11/12/2020, 06:55 AM
Updated 11/12/2020, 06:55 AM


Canaccord Genuity analyst Robert Young maintained a Buy rating on Cgi Group on Wednesday, setting a price target of C$105, which is approximately 13.09% above the present share price of $71.09.

Young expects Cgi Group to post earnings per share (EPS) of $1.01 for the fourth quarter of 2020.

The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in CGI Group (NYSE:GIB), with an average price target of $84.68.
The analysts price targets range from a high of $110 to a low of $70.06.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $3.05 billion and a net profit of $446.53 million. The company's market cap is $18.43 billion.

According to TipRanks.com, Canaccord Genuity analyst Robert Young is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.0% and a 68.34% success rate.

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 Northern Europe segment includes Nordics, Baltics, and Poland operations. The France segment comprises of the Luxembourg and Morocco operations. The ECS segment covers Netherlands and Germany. The APC segment covers India and Philippines. The company was founded by Serge Godin and André Imbeau in June 1976 and is headquartered in Montreal, Canada.

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