CGI (TSE:GIB.A) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its price target increased by analysts at Stifel Nicolaus from C$120.00 to C$130.00 in a report released on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s target price would suggest a potential upside of 11.36% from the stock’s current price.

GIB.A has been the subject of a number of other research reports. TD raised their target price on CGI from C$99.00 to C$118.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. National Bank Financial increased their price target on shares of CGI from C$135.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday. Desjardins reduced their price target on shares of CGI from C$118.00 to C$115.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of CGI from C$107.00 to C$108.00 in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, CGI has a consensus rating of “Moderate Buy” and an average target price of C$128.85.

CGI Stock Up 1.0%

TSE:GIB.A traded up C$1.13 during midday trading on Thursday, reaching C$116.74. 334,444 shares of the stock traded hands, compared to its average volume of 653,051. CGI has a 12-month low of C$83.34 and a 12-month high of C$131.97. The business has a 50-day moving average of C$104.56 and a two-hundred day moving average of C$100.25. 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 stock has a market capitalization of C$24.17 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.24 and a beta of 0.29.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings results on Wednesday, November 11th. The company reported C$2.31 earnings per share (EPS) for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The business had revenue of C$4.15 billion for the quarter. On average, equities analysts forecast that CGI will post 8.37 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 94,000 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.