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 declared that its board has approved a stock repurchase program on Thursday, February 1st 2018, which authorizes the company to repurchase 20,590,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

CGI Group Inc (NYSE:GIB) posted its earnings results on Wednesday, May, 2nd. The technology company reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by $0.02. The technology company had revenue of $2.95 billion for 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%. The company's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. View CGI Group's Earnings History.

3 brokerages have issued 12-month target prices for CGI Group's stock. Their predictions range from $64.00 to $85.00. On average, they anticipate CGI Group's stock price to reach $73.6667 in the next twelve months. This suggests a possible upside of 11.9% 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 1 hold rating and 2 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), Exponent (EXPO), FTI Consulting (FCN), RMR Group (RMR), ICF International (ICFI), NIC (EGOV), Huron Consulting Group (HURN), Navigant Consulting (NCI), 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).

News coverage about GIB stock has trended somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 0.23 on Accern's scale. They also gave news headlines about the technology company an impact score of 46.33 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

CGI Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (2.21%), Addenda Capital Inc. (0.27%), Addenda Capital Inc. (0.14%), DORCHESTER WEALTH MANAGEMENT Co (0.04%), Montrusco Bolton Investments Inc. (0.02%) and Meag Munich Ergo Kapitalanlagegesellschaft MBH (0.01%). 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., Meag Munich Ergo Kapitalanlagegesellschaft MBH, RDL Financial Inc., World Asset Management Inc, DORCHESTER WEALTH MANAGEMENT Co and Mckinley Capital Management LLC Delaware. View Insider Buying and Selling for CGI Group.

GIB stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Addenda Capital Inc., Addenda Capital Inc., Assenagon Asset Management S.A. 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 $65.85.

CGI Group has a market capitalization of $18.88 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]