PI Financial Stick to Their Hold Rating for Cgi Group By Investing.com

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PI Financial Stick to Their Hold Rating for Cgi Group

Published Aug 02, 2020 09:35AM ET

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PI Financial analyst Gus Papageorgiou maintained a Hold rating on Cgi Group on Sunday, setting a price target of C$113, which is approximately 18.02% above the present share price of $71.39.

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

The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in CGI Group (NYSE:GIB), with an average price target of $78.7.
The analysts price targets range from a high of $85.74 to a low of $68.22.

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 $18.51 billion.

According to TipRanks.com, PI Financial analyst Gus Papageorgiou is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.6% and a 71.15% 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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