CGI Group Inc (GIB) was Downgraded by Desjardins to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Desjardins advised their investors in a research report released on Apr 13, 2016.
Many Wall Street Analysts have commented on CGI Group Inc. CGI Group Inc was Downgraded by Desjardins to ” Hold” on Apr 13, 2016. Company shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 68 from a previous price target of $65 .
On the company’s financial health, CGI Group Inc reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.83. The company had revenue of $2683.70 million for the quarter, compared to analysts expectations of $2649.93 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
CGI Group Inc opened for trading at $47.97 and hit $48.25 on the upside on Monday, eventually ending the session at $47.99, with a gain of 0.50% or 0.24 points. The heightened volatility saw the trading volume jump to 1,37,964 shares. Company has a market cap of $14,937 M.
CGI Group Inc (CGI) is a Canada-based company that provides information technology (IT) consulting systems integration IT outsourcing and business solutions. The Company’s delivery model provides for work to be carried out onsite at client premises or through its centers located globally. In addition CGI has a range of business solutions which helps its clients and shareholders. CGI has a range of business solutions which helps its clients and shareholders. It includes Momentum CGI Advantage and Credit Services Solutions. CGI offers its end-to-end services to a focused set of industry vertical markets such as financial services government health telecommunications and utilities and manufacturing retail and distribution (MRD). The Company provides a full range of IT and management consulting services including business transformation IT strategic planning business process engineering and systems architecture.