CGI (TSE:GIB.A) Given New C$175.00 Price Target at Canaccord Genuity Group

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by analysts at Canaccord Genuity Group from C$170.00 to C$175.00 in a report released on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 12.39% from the stock’s current price.

A number of other brokerages have also recently issued reports on GIB.A. CIBC raised CGI from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$155.00 to C$178.00 in a research report on Tuesday, October 15th. Desjardins lifted their target price on shares of CGI from C$166.00 to C$172.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets raised their target price on CGI from C$160.00 to C$170.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Raymond James boosted their target price 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. Finally, Royal Bank of Canada boosted their price target on shares of CGI from C$170.00 to C$178.00 in a research report on Thursday. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CGI presently has a consensus rating of “Buy” and an average price target of C$169.83.

CGI Stock Down 0.8 %

TSE:GIB.A traded down C$1.27 during trading hours on Thursday, hitting C$155.71. 98,940 shares of the stock traded hands, compared to its average volume of 328,642. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$160.75. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The firm has a market cap of C$31.73 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 2.24 and a beta of 0.86. The firm has a 50 day moving average price of C$154.96 and a 200 day moving average price of C$146.64.

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.