CGI Inc (TSE:GIB.A) Receives Average Recommendation of “Buy” from Analysts

CGI Inc (TSE:GIB.AGet Rating) (NYSE:GIB) has received a consensus recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$126.09.

A number of research analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of CGI from C$131.00 to C$132.00 in a research report on Thursday, February 3rd. The Goldman Sachs Group began coverage on shares of CGI in a research report on Sunday, January 9th. They set a “sell” rating and a C$109.00 target price on the stock. Raymond James set a C$130.00 target price on shares of CGI and gave the company an “outperform” rating in a research report on Thursday, April 28th. Royal Bank of Canada dropped their target price on shares of CGI from C$127.00 to C$120.00 and set an “outperform” rating on the stock in a research report on Thursday, April 28th. Finally, Societe Generale upgraded shares of CGI to a “buy” rating and set a C$119.00 target price on the stock in a research report on Friday, April 29th.

Shares of TSE GIB.A opened at C$102.42 on Friday. The company has a market capitalization of C$21.84 billion and a P/E ratio of 17.78. CGI has a 52-week low of C$98.77 and a 52-week high of C$116.88. The company has a debt-to-equity ratio of 55.38, a quick ratio of 0.95 and a current ratio of 1.19. The company’s 50 day moving average price is C$102.43 and its 200-day moving average price is C$106.58.

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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Analyst Recommendations for CGI (TSE:GIB.A)

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