Market Overview

UPDATE: Cantor Fitzgerald Initiates CGI Group at Buy

Share:
Related GIB
Earnings Scheduled For November 9, 2016
Benzinga's Top Initiations

Cantor Fitzgerald initiated coverage on CGI Group (NYSE: GIB) with a Buy rating and a $30 price target.

Cantor Fitzgerald commented, "We like the recent Logica transaction from a strategic standpoint as Logica is complimentary with its European footprint and allows CGI to offer customers true global presence. We certainly see the risk in a European acquisition at this time, but believe the nature of Logica's revenue base as well as the low acquisition multiple offset these concerns."

CGI Group closed at $25.50 on Wednesday.

Latest Ratings for GIB

DateFirmActionFromTo
Dec 2016Goldman SachsDowngradesNeutralSell
Nov 2016Societe GeneraleDowngradesBuyHold
Nov 2016DundeeMaintainsBuy

View More Analyst Ratings for GIB
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (GIB)

View Comments and Join the Discussion!