CGI (TSE:GIB.A) Given New C$168.00 Price Target at Raymond James Financial

CGI (TSE:GIB.A) (NYSE:GIB) had its target price reduced by stock analysts at Raymond James Financial from C$178.00 to C$168.00 in a research report issued on Thursday,BayStreet.CA reports. Raymond James Financial’s target price would suggest a potential upside of 40.18% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. TD Securities reduced their price target on shares of CGI from C$190.00 to C$145.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. CIBC cut their target price on shares of CGI from C$180.00 to C$149.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Royal Bank Of Canada cut their price target on shares of CGI from C$185.00 to C$175.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Finally, Desjardins cut their price objective on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating on the stock in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$167.64.

CGI Price Performance

GIB.A stock traded down C$6.43 during trading on Thursday, hitting C$119.85. 355,406 shares of the stock traded hands, compared to its average volume of 444,808. The company has a 50 day simple moving average of C$126.40 and a 200 day simple moving average of C$136.49. The stock has a market cap of C$26.72 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 2.24 and a beta of 0.27. 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 has a one year low of C$119.33 and a one year high of C$175.35.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions.