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Shares in CGI Group Inc., the Montreal-based IT services company, had enjoyed a nearly uninterrupted, five-year stock run until the botched Obamacare website spurred a sell-off last October. CGI is a key contractor for the healthcare.gov website, and sentiment for the stock wilted - even though the fiasco had very little impact on company revenues.
While it has recovered from its lows of late January, CGI shares are still well below their 52-week high of $41.47. This StockReports+ report suggests the stock should continue to be on investors’ radar screens.
StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. CGI Group has an average score of 10 out of 10, and is currently among a group of only 73 stocks with that top ranking. It’s held that top score since April 6.
Read more in this comprehensive report.
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