CGI (GIB.A) Given Average Recommendation of “Buy” by Brokerages

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CGI (TSE:GIB.A) (NYSE:GIB) has received a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$92.05.

A number of research firms recently issued reports on GIB.A. Desjardins downgraded shares of CGI from a “buy” rating to a “hold” rating and set a C$94.50 price target for the company. in a research note on Thursday, January 31st. Canaccord Genuity increased their price target on shares of CGI from C$90.00 to C$95.00 in a research note on Thursday, January 31st. BMO Capital Markets increased their price target on shares of CGI from C$94.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Thursday, January 31st. TD Securities increased their price target on shares of CGI from C$96.00 to C$97.00 and gave the stock a “buy” rating in a research note on Thursday, January 31st. Finally, Raymond James set a C$94.00 target price on shares of CGI and gave the company an “outperform” rating in a research note on Thursday, January 31st.

GIB.A stock opened at C$88.02 on Wednesday. CGI has a 1 year low of C$61.73 and a 1 year high of C$77.22. The stock has a market capitalization of $21.65 billion and a P/E ratio of 22.28. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 28.03.

About CGI

CGI Group Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.

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Analyst Recommendations for CGI (TSE:GIB.A)

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