In a report released today, Daniel Chan from TD Securities maintained a Buy rating on CGI Group (GIB – Research Report), with a price target of C$170.00. The company’s shares opened today at $112.25.
According to TipRanks, Chan is ranked #656 out of 8626 analysts.
In addition to TD Securities, CGI Group also received a Buy from Raymond James’s Steven Li in a report issued today. However, yesterday, Bank of America Securities reiterated a Sell rating on CGI Group (NYSE: GIB).
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GIB market cap is currently $25.91B and has a P/E ratio of 21.42.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GIB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CGI Group (GIB) Company Description:
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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