CGI (TSE:GIB.A) Price Target Cut to C$160.00 by Analysts at BMO Capital Markets

CGI (TSE:GIB.A) (NYSE:GIB) had its target price decreased by analysts at BMO Capital Markets from C$170.00 to C$160.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 12.79% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Canaccord Genuity Group cut their price target on shares of CGI from C$166.00 to C$160.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Royal Bank of Canada cut their price target on shares of CGI from C$170.00 to C$163.00 and set an “outperform” rating on the stock in a report on Thursday. Raymond James boosted their price target on shares of CGI from C$150.00 to C$167.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. CIBC boosted their price target on shares of CGI from C$155.00 to C$169.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Desjardins cut their price target on shares of CGI from C$164.00 to C$162.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$161.27.

CGI Stock Performance

TSE GIB.A opened at C$141.86 on Thursday. CGI has a 1 year low of C$127.73 and a 1 year high of C$160.40. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. The firm has a market cap of C$29.27 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.48 and a beta of 0.80. The company has a fifty day moving average price of C$149.73 and a 200-day moving average price of C$144.85.

CGI Company Profile

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.