CGI (TSE:GIB.A) Given a C$130.00 Price Target by Raymond James Analysts

Raymond James set a C$130.00 target price on CGI (TSE:GIB.AGet Rating) (NYSE:GIB) in a research note issued to investors on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also issued reports on GIB.A. Scotiabank raised their target price on CGI from C$131.00 to C$132.00 in a report on Thursday, February 3rd. CIBC lifted their price objective on CGI from C$130.00 to C$135.00 and gave the stock an outperform rating in a report on Thursday, February 3rd. Finally, The Goldman Sachs Group started coverage on CGI in a report on Sunday, January 9th. They set a sell rating and a C$109.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of C$126.80.

GIB.A opened at C$104.05 on Thursday. The firm has a market capitalization of C$22.57 billion and a P/E ratio of 18.65. The stock’s 50 day moving average price is C$102.54 and its two-hundred day moving average price is C$106.78. The company has a quick ratio of 0.99, a current ratio of 1.22 and a debt-to-equity ratio of 55.32. CGI has a 12-month low of C$98.77 and a 12-month high of C$116.88.

CGI Company Profile (Get Rating)

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.

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Analyst Recommendations for CGI (TSE:GIB.A)

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