CGI Group Hits 52-Week High (GIB)

Shares of CGI Group, Inc. GIB are trading up 11% at $17.12 per share during the Tuesday afternoon trading session. The day's trading range for shares of CGI Group, Inc has been between $15.58 and a 52-week high of $17.16 per share. Analysts covering the company's stock give it a consensus price target of $17.24 per share. Volume of 378,000 shares is already nearly double the daily average volume of 190,000 shares. CGI Group, Inc. (GIB) announced on Tuesday morning that it beat consensus Wall Street expectations. CGI Group, Inc announced 4th quarter earnings per share of 30 cents, on revenue of $1.01 billion. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 30 cents per share, on revenue of $980.49 million. President and chief executive officer Michael E. Roach said, "Thanks to the loyalty of our clients and the dedication of our employees, fiscal 2010 was a very successful year. By remaining focused on fundamentals, we have continued executing our profitable growth strategy driving competitive value for our clients while creating additional wealth for shareholders." Read more from Benzinga's Company news.