Shares of CGI Inc. (GIB) Rise to a New 52-Week High

July 15, 2021 12:46:32

CGI Inc. (NYSE:GIB) traded today at a new 52-week high of $92.59. So far today approximately 70,000 shares have been exchanged, as compared to an average 30-day volume of 120,000 shares.

Over the past year, CGI Inc. has traded in a range of $60.58 to $92.59 and is now at $91.68, 51% above that low.

CGI Inc. is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 12 billion in annual revenue, employs over 76,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services (BPS). The company’s largest vertical market is government, which contributes around 33% of group revenue.

CGI Inc. (NYSE:GIB) is currently priced 14.9% above its average consensus analyst price target of $78.00.

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