CGI (TSE:GIB.A) Stock Price Target Raised at BMO Capital Markets

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective hoisted by stock analysts at BMO Capital Markets from C$117.00 to C$132.00 in a research report issued on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets‘s price objective indicates a potential upside of 13.07% from the company’s previous close.

Several other research firms also recently commented on GIB.A. National Bank Financial boosted their price objective on CGI from C$135.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday. Desjardins increased their target price on CGI from C$115.00 to C$126.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada lifted their price target on shares of CGI from C$100.00 to C$115.00 and gave the company a “sector perform” rating in a research report on Thursday. Stifel Nicolaus boosted their price target on shares of CGI from C$120.00 to C$130.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of CGI from C$107.00 to C$108.00 in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, CGI currently has a consensus rating of “Moderate Buy” and an average price target of C$128.85.

CGI Trading Up 1.0%

Shares of TSE GIB.A traded up C$1.13 during midday trading on Thursday, reaching C$116.74. The stock had a trading volume of 334,444 shares, compared to its average volume of 653,051. The firm has a market cap of C$24.17 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 2.24 and a beta of 0.29. CGI has a twelve month low of C$83.34 and a twelve month high of C$131.97. 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’s 50 day moving average price is C$104.56 and its 200 day moving average price is C$100.25.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its earnings results on Wednesday, November 11th. The company reported C$2.31 EPS for the quarter. The company had revenue of C$4.15 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. As a group, sell-side analysts expect that CGI will post 8.37 EPS for the current year.

About CGI

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.