CGI (TSE:GIB.A) Given a C$157.00 Price Target at Desjardins

CGI (TSE:GIB.A) (NYSE:GIB) received a C$157.00 price target from stock analysts at Desjardins in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 34.65% from the company’s current price.

Several other equities analysts have also recently weighed in on GIB.A. TD Securities decreased their price target on shares of CGI from C$190.00 to C$145.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. CIBC cut their price target on CGI from C$139.00 to C$132.00 in a report on Thursday. Scotiabank set a C$140.00 target price on CGI and gave the company a “sector perform” rating in a research report on Tuesday. BMO Capital Markets lowered their price target on shares of CGI from C$145.00 to C$137.00 in a research report on Thursday. Finally, Royal Bank Of Canada lowered their price objective on CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, CGI presently has an average rating of “Moderate Buy” and an average price target of C$151.40.

CGI Price Performance

CGI stock traded down C$0.49 on Thursday, reaching C$116.60. The company’s stock had a trading volume of 544,511 shares, compared to its average volume of 524,447. The business’s fifty day moving average price is C$125.89 and its 200 day moving average price is C$127.63. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The company has a market cap of C$25.22 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.24 and a beta of 0.23. CGI has a twelve month low of C$113.60 and a twelve month high of C$175.35.

CGI (TSE:GIB.A) (NYSE:GIB) last released its earnings results on Wednesday, January 28th. The company reported C$2.12 earnings per share (EPS) for the quarter. The company had revenue of C$4.08 billion for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. Equities analysts expect that CGI will post 8.3679245 earnings per share for the current fiscal year.

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. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.