Somewhat Favorable News Coverage Somewhat Unlikely to Impact CGI Group (GIB) Stock Price

Media headlines about CGI Group (NYSE:GIB) (TSE:GIB.A) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CGI Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.1536799098641 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of CGI Group (GIB) opened at 51.48 on Friday. The firm has a 50-day moving average price of $50.87 and a 200-day moving average price of $49.47. The stock has a market cap of $15.20 billion, a P/E ratio of 17.89 and a beta of 0.92. CGI Group has a 52-week low of $45.73 and a 52-week high of $53.65.

CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). CGI Group had a return on equity of 17.10% and a net margin of 10.18%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the company earned $0.89 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts anticipate that CGI Group will post $3.01 EPS for the current fiscal year.

GIB has been the topic of a number of analyst reports. BidaskClub upgraded CGI Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded CGI Group from a “sell” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Tuesday, July 4th. Finally, Barclays PLC reiterated an “overweight” rating and set a $60.00 price objective (up previously from $55.00) on shares of CGI Group in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $61.00.

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CGI Group Company Profile

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.

Insider Buying and Selling by Quarter for CGI Group (NYSE:GIB)

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