Somewhat Positive Media Coverage Somewhat Unlikely to Affect CGI Group (GIB) Stock Price
Press coverage about CGI Group (NYSE:GIB) (TSE:GIB.A) has trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CGI Group earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.6068064095154 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
CGI Group (NYSE GIB) traded up $0.22 on Friday, hitting $53.30. 158,281 shares of the stock were exchanged, compared to its average volume of 135,738. The stock has a market capitalization of $13,557.97, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.88 and a beta of 0.87. CGI Group has a 12 month low of $45.81 and a 12 month high of $54.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 0.72.
A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of CGI Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Scotiabank lifted their price objective on shares of CGI Group from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $85.00 price objective (up previously from $75.00) on shares of CGI Group in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. CGI Group has a consensus rating of “Hold” and an average target price of $68.75.
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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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