CGI (TSE:GIB.A) PT Raised to C$170.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective lifted by equities research analysts at Royal Bank of Canada from C$163.00 to C$170.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 9.08% from the stock’s previous close.

A number of other brokerages have also recently commented on GIB.A. Sanford C. Bernstein lifted their target price on shares of CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a research report on Thursday. Desjardins decreased their target price on shares of CGI from C$164.00 to C$162.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. National Bankshares lifted their target price on shares of CGI from C$175.00 to C$185.00 in a research report on Thursday. TD Securities upgraded shares of CGI from a “hold” rating to a “buy” rating and decreased their target price for the stock from C$165.00 to C$160.00 in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus lifted their target price on shares of CGI from C$170.00 to C$180.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, CGI currently has an average rating of “Moderate Buy” and a consensus price target of C$164.83.

CGI Price Performance

Shares of CGI stock traded down C$1.58 on Thursday, hitting C$155.85. 273,353 shares of the company traded hands, compared to its average volume of 333,139. The company has a market cap of C$32.06 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.48 and a beta of 0.81. The firm’s 50-day simple moving average is C$140.86 and its 200 day simple moving average is C$145.89. CGI has a 12-month low of C$129.00 and a 12-month high of C$160.40. The company has a current ratio of 1.17, a quick ratio of 0.97 and a debt-to-equity ratio of 34.26.

CGI Company Profile

CGI 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.