News articles about CGI Group (NYSE:GIB) (TSE:GIB.A) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CGI Group earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.4817897327587 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- A Look At The Intrinsic Value Of CGI Group Inc (TSE:GIB.A) (finance.yahoo.com)
- CGI Group Inc (GIB) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- CACI Centralizes Operations in Oklahoma to Boost Performance (finance.yahoo.com)
- The Stars Group Jumps to 52-Week High on News (baystreet.ca)
Shares of CGI Group (GIB) traded down $0.65 on Tuesday, reaching $58.67. 196,486 shares of the company’s stock traded hands, compared to its average volume of 295,033. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.24. The firm has a market cap of $14,960.00, a PE ratio of 21.49, a P/E/G ratio of 1.98 and a beta of 0.73. CGI Group has a 12 month low of $46.27 and a 12 month high of $59.89.
CGI Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 31st that permits the company to repurchase 20,590,000 outstanding shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
GIB has been the subject of several research reports. Zacks Investment Research downgraded shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. ValuEngine upgraded shares of CGI Group from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Barclays upped their price target on shares of CGI Group from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $71.00.
ILLEGAL ACTIVITY WARNING: This story was posted by BBNS and is the sole property of of BBNS. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://baseballnewssource.com/2018/03/13/cgi-group-gib-given-news-sentiment-rating-of-0-21/2025789.html.
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.
Receive News & Ratings for CGI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI Group and related companies with MarketBeat.com's FREE daily email newsletter.