Time for Investors to Take the Plunge on CGI Group Inc. (NYSE:GIB)

Equity Research firms currently have a positive stance on shares of CGI Group Inc. (NYSE:GIB). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.20. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $50.69 on a short term basis.

At the time of writing, the stock was trading at $47.69. This represents a change from the opening price of 1.36%. In terms of performance, year to date, the stock is 18.16%. The monthly stock performance comes in at -5.10%. For the quarter, shares are performing at 10.15%. Weekly performance analysis shows the equity at -1.07%.

In taking a look at technical levels, shares are trading -1.14% away from the 50 day simple moving average and 6.18% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -5.71% away from it’s 52- week high and 32.33% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, CGI Group Inc.’s RSI stands at 47.59. In looking at volatility levels, the shares saw weekly volatility of 1.75% and 1.88% over the past month.

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