Can CGI Group Inc. (GIB)’s Tomorrow Be Different? The Stock Increases Again

February 13, 2018 - By Linda Rogers

The stock of CGI Group Inc. (NYSE:GIB) is a huge mover today! The stock increased 1.69% or $0.9471 during the last trading session, reaching $56.9171. About 202,541 shares traded or 2.84% up from the average. CGI Group Inc. (NYSE:GIB) has risen 9.32% since February 13, 2017 and is uptrending. It has underperformed by 7.38% the S&P500.
The move comes after 6 months positive chart setup for the $16.02B company. It was reported on Feb, 13 by Barchart.com. We have $58.62 PT which if reached, will make NYSE:GIB worth $480.60M more.

CGI Group Inc. (NYSE:GIB) Ratings Coverage

Among 9 analysts covering CGI Group (NYSE:GIB), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. CGI Group had 16 analyst reports since July 29, 2015 according to SRatingsIntel. As per Monday, April 4, the company rating was initiated by TD Securities. The firm earned “Buy” rating on Friday, May 27 by Desjardins Securities. The firm earned “Hold” rating on Thursday, November 10 by Societe Generale. The rating was upgraded by Desjardins Securities to “Buy” on Wednesday, November 4. The rating was maintained by Barclays Capital with “Overweight” on Thursday, February 1. The stock of CGI Group Inc. (NYSE:GIB) earned “Buy” rating by Dundee Securities on Thursday, November 10. The stock of CGI Group Inc. (NYSE:GIB) earned “Buy” rating by Canaccord Genuity on Tuesday, August 22. The company was initiated on Tuesday, September 27 by Macquarie Research. The firm has “Sell” rating given on Friday, December 16 by Goldman Sachs. The stock of CGI Group Inc. (NYSE:GIB) has “Buy” rating given on Thursday, November 12 by Societe Generale.

More news for CGI Group Inc. (NYSE:GIB) were recently published by: Twst.com, which released: “CGI Group Inc.: CGI reports strong Q1 results” on January 31, 2018. Seekingalpha.com‘s article titled: “CGI Group’s (GIB) CEO George Schindler on Q1 2018 Results – Earnings Call …” and published on February 02, 2018 is yet another important article.

CGI Group Inc. provides information technology and business process services in Canada and internationally. The company has market cap of $16.02 billion. It offers agile, business transformation, change management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific business consulting services; application development and maintenance, portfolio management, quality assurance and testing, modernization, and migration services; business-to-business and customer activities support, purchase management, revenue management, and supplier payment services; and data center facilities and management, technical service desk, printing and document management, remote infrastructure, transformation, storage as a service, data vaulting, disaster recovery and archiving as a service, bottomless edge-to-core storage, and file sync and share as a service, as well as infrastructure solutions and consulting services. It has a 20.03 P/E ratio. The firm also provides IT outsourcing services; and data analytics, enterprise application integration, enterprise architecture and content management, enterprise resource planning , and geospatial solutions.

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