CGI Group (TSE:GIB) Raised to “Hold” at Scotiabank

CGI Group (TSE:GIB) was upgraded by stock analysts at Scotiabank to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on GIB. TD Securities raised CGI Group to a “strong-buy” rating in a research report on Friday, October 3rd. Jefferies Financial Group downgraded shares of CGI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Cibc Captl Mkts cut shares of CGI Group from a “strong-buy” rating to a “hold” rating in a report on Sunday, December 14th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

CGI Group Stock Performance

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. The company also offers application development, integration and maintenance, testing, portfolio management, and modernization services; business consulting; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure services.