CGI Group Inc (TSE:GIB.A) had its price target upped by Scotiabank from C$62.00 to C$64.00 in a research report report published on Thursday, Market Beat.com reports. Scotiabank currently has an outperform rating on the stock.

In related news, insider Mark Boyajian sold 5,238 shares of the stock in a transaction dated Monday, November 30th. The shares were sold at an average price of C$58.00, for a total value of C$303,804.00. Also, insider Daniel Rocheleau sold 2,813 shares of the stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of C$59.00, for a total transaction of C$165,967.00.

Several other brokerages also recently weighed in on GIB.A. BMO Capital Markets upped their target price on shares of CGI Group from C$59.00 to C$63.00 and gave the stock an outperform rating in a report on Thursday, January 28th. Barclays upped their target price on shares of CGI Group from C$57.00 to C$60.00 and gave the stock an overweight rating in a report on Thursday, November 12th. CIBC upped their target price on shares of CGI Group from C$57.00 to C$65.00 and gave the stock an outperform rating in a report on Thursday, November 12th. Raymond James upped their target price on shares of CGI Group from C$61.00 to C$65.00 and gave the stock an outperform rating in a report on Thursday, January 28th. Finally, Jefferies Group upped their target price on shares of CGI Group from C$54.00 to C$55.00 and gave the stock a hold rating in a report on Monday, December 21st. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of C$62.77.

CGI Group Inc (TSE:GIB) 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.

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