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Stock Investors Bid Up Shares of CGI Group, Up 1.1%

Published on Thu, 03/07/2013 - 11:31
By Robert Cotter

One of today's stocks on the move is CGI Group (NYSE:GIB), up 1.1% to $26.25. The Dow is up 0.4% to 14,348 and the S&P is currently trading fractionally higher to 1,544.

Over the past year, CGI Group has traded in a range of $19.89 to $28.35 and is now at $26.25, 32% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

Potential upside of 12.0% exists for CGI Group, based on a current level of $26.25 and analysts' average consensus price target of $29.40. The stock should find initial support at its 50-day moving average (MA) of $25.41 and further support at its 200-day MA of $24.61.

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 Robert Cotter
rcotter@fnno.com