Royal Bank of Canada Trims CGI (TSE:GIB.A) Target Price to C$120.00

CGI (TSE:GIB.AGet Rating) (NYSE:GIB) had its price target decreased by Royal Bank of Canada from C$127.00 to C$120.00 in a research report report published on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. Raymond James set a C$130.00 price target on CGI and gave the company an outperform rating in a research note on Thursday. Scotiabank lifted their price target on CGI from C$131.00 to C$132.00 in a research note on Thursday, February 3rd. The Goldman Sachs Group began coverage on CGI in a research note on Sunday, January 9th. They set a sell rating and a C$109.00 price target for the company. Finally, CIBC lifted their price target on CGI from C$130.00 to C$135.00 and gave the company an outperform rating in a research note on Thursday, February 3rd. Two analysts have rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Buy and an average target price of C$126.80.

GIB.A stock opened at C$104.05 on Thursday. The company has a market capitalization of C$22.57 billion and a P/E ratio of 18.65. The company has a debt-to-equity ratio of 55.32, a quick ratio of 0.99 and a current ratio of 1.22. CGI has a 52-week low of C$98.77 and a 52-week high of C$116.88. The business has a 50-day simple moving average of C$102.54 and a two-hundred day simple moving average of C$106.78.

About CGI (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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