Media coverage about CGI Group (NYSE:GIB) (TSE:GIB.A) has trended somewhat negative this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CGI Group earned a daily sentiment score of -0.02 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.550982474254 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern’s scoring:
- CGI Group (GIB) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- $2.31 Billion in Sales Expected for CGI Group (GIB) This Quarter (americanbankingnews.com)
- Head-To-Head Contrast: CGI Group (GIB) vs. BlackRock Capital Investment (BKCC) (americanbankingnews.com)
- $0.82 EPS Expected for CGI Group (GIB) This Quarter (americanbankingnews.com)
GIB traded down $0.12 on Friday, reaching $57.80. The company’s stock had a trading volume of 133,506 shares, compared to its average volume of 195,152. The company has a market capitalization of $16,644.44, a P/E ratio of 20.79, a P/E/G ratio of 1.92 and a beta of 0.73. CGI Group has a 1 year low of $46.41 and a 1 year high of $59.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 0.99.
CGI Group declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 31st that allows the company to repurchase 20,590,000 shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
A number of research firms have recently issued reports on GIB. Zacks Investment Research lowered CGI Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Barclays increased their target price on CGI Group from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Finally, ValuEngine upgraded CGI Group from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $71.00.
COPYRIGHT VIOLATION WARNING: “CGI Group (GIB) Getting Somewhat Negative Media Coverage, Report Shows” was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3380344/cgi-group-gib-getting-somewhat-negative-media-coverage-report-shows.html.
About CGI Group
CGI Group Inc provides information technology and business process services in Canada and internationally. It offers application development and maintenance, portfolio management, quality assurance and testing, modernization, and migration services; agile, business transformation, change management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific business consulting services; business-to-business and customer operations support, purchase management, revenue management, and supplier payment services; and data center facilities and management, technical service desk, printing and document management, remote infrastructure, transformation, storage as a service, data vaulting, disaster recovery and archiving as a service, bottomless edge-to-core storage, and file sync and share as a service, as well as infrastructure solutions and consulting services.
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.