CGI Group (TSE:GIB) Upgraded by Cibc World Mkts to Strong-Buy

Cibc World Mkts upgraded shares of CGI Group (TSE:GIB) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. UBS Group raised shares of CGI Group to a “hold” rating in a research note on Friday, July 19th. Sanford C. Bernstein raised shares of CGI Group to a “strong-buy” rating in a research note on Thursday, August 1st.

CGI Group Stock Performance

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

About CGI Group

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.