CGI Group (TSE:GIB) Raised to “Strong-Buy” at Cibc World Mkts

CGI Group (TSE:GIB) was upgraded by research analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports.

Several other equities analysts have also recently issued reports on GIB. Sanford C. Bernstein upgraded shares of CGI Group to a “strong-buy” rating in a research report on Thursday, August 1st. UBS Group upgraded CGI Group to a “hold” rating in a research note on Friday, July 19th.

CGI Group Price Performance

CGI Group (TSE:GIB) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$1.91 EPS for the quarter, missing analysts’ consensus estimates of C$1.92 by C($0.01). The company had revenue of C$3.67 billion during the quarter, compared to the consensus estimate of C$3.69 billion.

CGI Group Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.