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A statement released earlier today by Macquarie about CGI Group Inc (NYSE:GIB) bumps the target price to $50.00

Boasting a price of $47.75, CGI Group Inc (NYSE:GIB) traded 0.71% higher on the day. With the last close up 3.40% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. CGI Group Inc has recorded a 50-day average of $48.42 and a two hundred day average of $46.57. Volume of trade was down over the average, with 27,209 shares of GIB changing hands under the typical 147,030

Macquarie bumped up the target of CGI Group Inc (NYSE:GIB) to $50.00 stating a potential upside of 0.05%.

Performance Chart

CGI Group Inc (NYSE:GIB)

With a total market value of $0, CGI Group Inc has price-earnings ratio of 19.50 with a one year low of $34.84 and a one year high of $50.58 .

A total of 16 analysts have released a research note on GIB. zero analysts rating the company a strong buy, twelve analysts rating the company a buy, four analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $47.05.

More About CGI Group Inc (NYSE:GIB)

CGI Group Inc (CGI) is a Canada-based company that provides information technology (IT) consulting, systems integration, IT outsourcing and business solutions. The Company's delivery model provides for work to be carried out onsite at client premises, or through its centers located globally. In addition, CGI has a range of business solutions, which helps its clients and shareholders. CGI has a range of business solutions, which helps its clients and shareholders. It includes Momentum, CGI Advantage and Credit Services Solutions. CGI offers its end-to-end services to a focused set of industry vertical markets, such as financial services, government, health, telecommunications and utilities and manufacturing, retail and distribution (MRD). The Company provides a full range of IT and management consulting services, including business transformation, IT strategic planning, business process engineering and systems architecture.

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