CGI Group Inc. (NYSE:GIB)’s share price rose 2.5% on Thursday . The stock traded as high as $49.94 and last traded at $49.90, with a volume of 114,275 shares. The stock had previously closed at $48.69.

GIB has been the subject of several recent research reports. Zacks Investment Research downgraded CGI Group from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd. Desjardins raised CGI Group from a “hold” rating to a “buy” rating in a research report on Friday, May 27th. Jefferies Group raised their price target on CGI Group from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Monday, August 1st. Barclays PLC raised their price target on CGI Group from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Finally, Canaccord Genuity reissued a “buy” rating on shares of CGI Group in a research report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. CGI Group currently has an average rating of “Buy” and an average price target of $49.20.

The stock has a market cap of $15.09 billion and a PE ratio of 19.56. The firm’s 50-day moving average price is $47.60 and its 200 day moving average price is $45.83.

CGI Group (NYSE:GIB) last released its earnings results on Wednesday, July 27th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. During the same quarter last year, the company earned $0.80 earnings per share. The firm earned $2.67 billion during the quarter, compared to analyst estimates of $2.67 billion. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts forecast that CGI Group Inc. will post $2.65 EPS for the current fiscal year.

CGI Group Inc (CGI) 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.

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