CGI (TSE:GIB.A) Price Target Raised to C$190.00 at BMO Capital Markets

CGI (TSE:GIB.A) (NYSE:GIB) had its price target boosted by stock analysts at BMO Capital Markets from C$177.00 to C$190.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 9.12% from the stock’s current price.

Several other research firms have also issued reports on GIB.A. Raymond James upped their price target on CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price target on shares of CGI from C$180.00 to C$185.00 in a report on Thursday. Canaccord Genuity Group increased their price objective on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. CIBC lifted their target price on CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Canaccord Genuity Group increased their price target on CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$178.31.

CGI Stock Up 5.2 %

CGI stock traded up C$8.55 during midday trading on Thursday, hitting C$174.12. The stock had a trading volume of 157,411 shares, compared to its average volume of 301,690. The business has a fifty day moving average price of C$157.88 and a 200 day moving average price of C$153.67. CGI has a 12 month low of C$132.06 and a 12 month high of C$174.87. The stock has a market cap of C$35.48 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.

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.