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TheStreet Wire

CGI Group Stock Gaps Up On Today's Open (GIB)

By TheStreet Wire 05/31/12 - 10:17 AM EDT

Find out if (GIB) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of CGI Group (NYSE:GIB) were gapping up Thursday morning with an open price 14.7% higher than Wednesday's closing price. The stock closed at $20.42 Wednesday and opened today's trading at $23.43.

The average volume for CGI Group has been 174,300 shares per day over the past 30 days. CGI Group has a market cap of $4.62 billion and is part of the technology sector and internet industry. Shares are up 8.9% year to date as of the close of trading on Wednesday.

CGI Group Inc., through its subsidiaries, provides information technology (IT) and business process services in Canada, the United States, India, Europe, and the Asia Pacific. The company has a P/E ratio of 13.8, below the average internet industry P/E ratio of 14.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CGI Group as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full CGI Group Ratings Report.

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