Somewhat Positive Media Coverage Somewhat Unlikely to Impact CGI Group (GIB) Share Price

Media headlines about CGI Group (NYSE:GIB) (TSE:GIB.A) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. 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 news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.2985491069751 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

CGI Group (NYSE GIB) traded down $0.18 during trading hours on Wednesday, reaching $53.14. 119,800 shares of the company’s stock were exchanged, compared to its average volume of 177,368. The firm has a market cap of $15,641.78, a P/E ratio of 18.99, a PEG ratio of 1.86 and a beta of 0.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 0.72. CGI Group has a twelve month low of $45.81 and a twelve month high of $53.85.

Several research analysts have recently issued reports on GIB shares. Zacks Investment Research raised CGI Group from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective for the company in a research note on Friday, July 21st. Barclays PLC reaffirmed an “overweight” rating and issued a $60.00 price objective (up previously from $55.00) on shares of CGI Group in a research note on Thursday, August 3rd. BidaskClub downgraded CGI Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $85.00 price objective (up previously from $75.00) on shares of CGI Group in a research note on Thursday, November 9th. Finally, Scotiabank upped their price objective on CGI Group from $71.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. CGI Group currently has a consensus rating of “Hold” and an average target price of $68.75.

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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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