News articles about CGI Group (NYSE:GIB) (TSE:GIB.A) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CGI Group earned a news impact score of 0.24 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.3667871825471 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several brokerages have recently commented on GIB. Scotiabank increased their price target on shares of CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 price target (up previously from $75.00) on shares of CGI Group in a research report on Thursday, November 9th. Finally, Zacks Investment Research cut shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $68.75.
Shares of CGI Group (NYSE GIB) traded down $0.72 during midday trading on Wednesday, reaching $53.03. 173,500 shares of the company’s stock were exchanged, compared to its average volume of 163,629. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. CGI Group has a 1 year low of $45.81 and a 1 year high of $54.99. The company has a market capitalization of $13,600.00, a PE ratio of 19.35, a P/E/G ratio of 1.93 and a beta of 0.87.
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About CGI Group
CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.
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