CGI Group Inc. (GIB) Reaches New 1-Year High at $50.58
CGI Group Inc. (NYSE:GIB)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $50.58 and last traded at $50.09, with a volume of 116,760 shares. The stock had previously closed at $49.84.
A number of brokerages have recently commented on GIB. Zacks Investment Research upgraded shares of CGI Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Canaccord Genuity restated a “buy” rating on shares of CGI Group in a report on Monday, August 15th. Jefferies Group boosted their target price on shares of CGI Group from $46.00 to $47.00 and gave the company a “hold” rating in a report on Monday, August 1st. Barclays PLC boosted their target price on shares of CGI Group from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. Finally, Desjardins upgraded shares of CGI Group from a “hold” rating to a “buy” rating in a report on Friday, May 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $49.20.
The firm’s 50 day moving average is $47.91 and its 200-day moving average is $45.89. The company has a market capitalization of $15.14 billion and a PE ratio of 19.84.
CGI Group (NYSE:GIB) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The company earned $2.67 billion during the quarter, compared to the consensus estimate of $2.67 billion. CGI Group’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. On average, analysts predict that CGI Group Inc. will post $2.67 EPS for the current 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.