Scotiabank Increases CGI (TSE:GIB.A) Price Target to C$170.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target raised by Scotiabank from C$160.00 to C$170.00 in a research report sent to investors on Friday, BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada lifted their price objective on CGI from C$163.00 to C$170.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. BMO Capital Markets increased their price target on shares of CGI from C$160.00 to C$170.00 and gave the stock an outperform rating in a research note on Monday, July 29th. TD Securities increased their price objective on shares of CGI from C$160.00 to C$180.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Canaccord Genuity Group lowered their price target on shares of CGI from C$166.00 to C$160.00 and set a buy rating for the company in a report on Friday, April 26th. Finally, Raymond James increased their price objective on shares of CGI from C$167.00 to C$171.00 and gave the company an outperform rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$165.25.

CGI Stock Down 2.3 %

CGI stock opened at C$151.05 on Friday. The stock has a 50-day simple moving average of C$141.26 and a 200-day simple moving average of C$146.05. CGI has a fifty-two week low of C$129.00 and a fifty-two week high of C$160.40. The company has a debt-to-equity ratio of 34.26, a quick ratio of 0.97 and a current ratio of 1.17. The company has a market capitalization of C$31.08 billion, a P/E ratio of 21.55, a PEG ratio of 1.48 and a beta of 0.81.

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.