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CGI Group Shares Sinking Lower, Down 2.0%

Published on Thu, 02/21/2013 - 11:50
By Adrienne Chilton

CGI Group (NYSE:GIB) is a company whose shares are active, trading 2.0% lower to $26.87. The S&P is currently trading 0.5% lower to 1,505 and the Dow Jones Industrial Average is trading 0.3% lower to 13,878.

Potential upside of 9.0% exists for CGI Group, based on a current level of $26.87 and analysts' average consensus price target of $29.30. The stock should find initial support at its 50-day moving average (MA) of $24.88 and further support at its 200-day MA of $24.36.

In the past 52 weeks, shares of CGI Group have traded between a low of $19.89 and a high of $28.35 and are now at $26.87, which is 35% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 0.71% higher over the past week, respectively.

CGI Group Inc. provides information technology services. The Company's services include management of information technology and business functions, systems integration, consulting, and business solutions. CGI operates in the financial services, telecommunications. manufacturing to retail value chain, government, healthcare and public utilities sectors.

By Adrienne Chilton