23:28:37 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



CGI Group Inc
Symbol GIB
Shares Issued 279,122,397
Close 2015-08-31 C$ 48.60
Market Cap C$ 13,565,348,494
Recent Sedar Documents

Inv Reporter says buy CGI Group

2015-08-31 22:51 ET - In the News

The Investment Reporter, in its Aug. 21, 2015, issue, says buy CGI Group Inc., recently $49.98. The Reporter said buy nine times from Feb. 6, 1997, to Dec. 5, 2014, at prices ranging from $6.29 to $41.10 (the stock split 2 for 1 four times -- on Aug. 8, 1997, Dec. 11, 1997, May 19, 1998, and Jan. 5, 2000). Assuming an investment of $1,000 for each of the nine buys, the $9,000 position would now be worth $82,417. In the nine months ended June 30, 2015, the IT and business process consulting firm earned $745-million, or $2.31 a share, up from $646-million, or $2.03 a share, a year earlier. Revenues in the first nine months slipped by 3.9 per cent, and costs fell by a steeper 5.8 per cent. Cash flow increased by 8 per cent, confirming the higher profits. The company's net-debt-to-cash-flow ratio is a comfortably low 1.2. CGI will take a $60-million pretax charge over the next six months to implement productivity and cost initiatives, which will save it money in fiscal 2016. In fiscal 2016, CGI is expected to earn $3.44 a share, which gives an attractive price-to-earnings ratio of 14.5. The stock remains a buy, but only if you need no dividends.

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