CGI Group (GIB) Misses Q1 EPS by 1c
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Jefferies Downgrades CGI Group (GIB) to Hold
January 29, 2015 6:51 AM ESTJefferies downgraded CGI Group (NYSE: GIB) from Buy to Hold with a price target of $38.50 (from $39.00).
Analyst Jason Kupferberg commented, "Overall, GIB reported solid F1Q results yesterday, with the exception of revenues, which were 4% below JEFe/Street. Given valuation (15x C16... More
CGI Group (GIB) Approves 19M Class A Common Buyback
January 28, 2015 7:58 AM ESTCGI Group (NYSE: GIB) announced that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid ("NCIB"), subject to acceptance by the Toronto Stock Exchange (the "TSX").
The Company's management and Board of Directors believe that the repurchase of Class A subordinate voting shares ("Class A Shares") of the Company is a proper use of the Company's funds, and the NCIB will provide the Company with the flexibility to purchase Class A Shares from time to time as the Company considers it advisable, as part of... More
