CGI (TSE:GIB.A) PT Raised to C$138.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by Sanford C. Bernstein from C$127.00 to C$138.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also recently commented on GIB.A. TD Securities raised CGI from a hold rating to a buy rating and reduced their price target for the company from C$165.00 to C$160.00 in a report on Thursday, May 2nd. BMO Capital Markets boosted their target price on shares of CGI from C$160.00 to C$170.00 and gave the stock an outperform rating in a research report on Monday, July 29th. Royal Bank of Canada cut their price target on shares of CGI from C$170.00 to C$163.00 and set an outperform rating for the company in a report on Thursday, May 2nd. Raymond James upped their target price on shares of CGI from C$167.00 to C$171.00 and gave the stock an outperform rating in a research report on Thursday. Finally, CIBC cut shares of CGI from an outperform rating to a neutral rating and dropped their target price for the company from C$165.00 to C$151.00 in a report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, CGI currently has an average rating of Moderate Buy and a consensus target price of C$165.25.

CGI Price Performance

Shares of TSE:GIB.A opened at C$151.05 on Thursday. CGI has a 52 week low of C$129.00 and a 52 week high of C$160.40. The company has a 50-day moving average price of C$141.26 and a 200 day moving average price of C$146.05. The company has a market cap of C$31.08 billion, a P/E ratio of 21.55, a PEG ratio of 1.48 and a beta of 0.81. The company has a quick ratio of 0.97, a current ratio of 1.17 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.