TMCnet News
Upgrade Alert for CGI Group (GIB)Apr 15, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- CGI Group (NYSE:GIB) was upgraded from Sector Perform to Outperform at RBC Capital today. The stock closed yesterday at $25.84 on volume of 142,000 shares, below average daily volume of 180,000. In the past 52 weeks, CGI Group share prices have been bracketed by a low of $19.89 and a high of $28.35 and closed yesterday at $25.84, 30% above that low price. The 200-day and 50-day moving averages have moved 0.37% higher and 0.59% 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. There is potential upside of 14.7% for shares of CGI Group based on a current price of $25.84 and an average consensus analyst price target of $29.63. The stock should hit resistance at its 50-day moving average (MA) of $26.48, as well as support at its 200-day MA of $25.17. SmarTrend is tracking the current trend status for CGI Group and will alert subscribers who have GIB in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |