NEW YORK (

TheStreet

) --

CGI Group

(NYSE:

GIB

) hit a new 52-week high Friday as it traded at $21.03 compared with its previous 52-Week high of $20.62. CGI Group is changing hands at $20.85 with 71,410 shares traded as of 10:06 a.m. ET. Average volume has been 245,200 shares over the past 30 days.

CGI Group has a market cap of $4.7 billion and is part of the

technology

sector and

internet

industry. Shares are up 17.8% year to date as of the close of trading on Thursday.

CGI Group Inc., through its subsidiaries, provides information technology services (IT) and business process services in Canada, the United States, India, Europe, and the Asia Pacific. The company has a P/E ratio of 15.3, above the average internet industry P/E ratio of 15.1 and below the S&P 500 P/E ratio of 16.

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TheStreet Ratings rates CGI Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, attractive valuation levels and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

CGI Group Ratings Report

.

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