NYSE:GIB - CGI Group Stock Price, Price Target & More

CGI Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIB."

CGI Group announced that its board has approved a stock buyback plan on Thursday, February 1st 2018, which permits the company to repurchase 20,590,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

CGI Group Inc (NYSE:GIB) issued its quarterly earnings results on Wednesday, May, 2nd. The technology company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by $0.02. The technology company earned $2.95 billion during the quarter, compared to analysts' expectations of $2.88 billion. CGI Group had a return on equity of 17.67% and a net margin of 9.31%. CGI Group's quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. View CGI Group's Earnings History.

3 equities research analysts have issued 1 year price targets for CGI Group's shares. Their predictions range from $64.00 to $85.00. On average, they expect CGI Group's stock price to reach $73.6667 in the next year. This suggests a possible upside of 11.7% from the stock's current price. View Analyst Ratings for CGI Group.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CGI Group in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to CGI Group include Booz Allen Hamilton (BAH), Genpact (G), FTI Consulting (FCN), Exponent (EXPO), RMR Group (RMR), ICF International (ICFI), NIC (EGOV), Navigant Consulting (NCI), Huron Consulting Group (HURN), The Hackett Group (HCKT), Blackrock Capital Investment (BKCC), China Internet Nationwide Fncl Srvcs (CIFS), AVALON GLOBOCAR/SH SH (AVCO), Information Services Group, Inc. Common Stock (III) and Wilhelmina International (WHLM).

Media coverage about GIB stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CGI Group earned a coverage optimism score of 0.09 on Accern's scale. They also assigned media stories about the technology company an impact score of 45.60 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

CGI Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (2.21%), Addenda Capital Inc. (0.27%), Addenda Capital Inc. (0.14%), Montrusco Bolton Investments Inc. (0.02%), Mckinley Capital Management LLC Delaware (0.01%) and RDL Financial Inc. (0.00%). View Institutional Ownership Trends for CGI Group.

GIB stock was sold by a variety of institutional investors in the last quarter, including Montrusco Bolton Investments Inc., RDL Financial Inc. and Mckinley Capital Management LLC Delaware. View Insider Buying and Selling for CGI Group.

GIB stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Addenda Capital Inc., Addenda Capital Inc. and Daiwa SB Investments Ltd.. View Insider Buying and Selling for CGI Group.

Shares of GIB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of GIB stock can currently be purchased for approximately $65.97.

CGI Group has a market capitalization of $18.99 billion and generates $8.26 billion in revenue each year. The technology company earns $788.50 million in net income (profit) each year or $2.78 on an earnings per share basis. CGI Group employs 71,000 workers across the globe.

CGI Group's mailing address is 1350 RENE LEVESQUE BOULEVARD WEST 15TH FLOOR, MONTREAL A8, H3G 1T4. The technology company can be reached via phone at 514-841-3200 or via email at [email protected]