CGI (TSE:GIB.A) Price Target Lowered to C$163.00 at Royal Bank of Canada

CGI (TSE:GIB.A) (NYSE:GIB) had its price target cut by analysts at Royal Bank of Canada from C$170.00 to C$163.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 14.90% from the company’s previous close.

GIB.A has been the subject of several other research reports. CIBC raised their price target on shares of CGI from C$155.00 to C$169.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Scotiabank raised their target price on CGI from C$155.00 to C$165.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. TD Securities downgraded CGI from a “buy” rating to a “hold” rating and cut their target price for the stock from C$170.00 to C$165.00 in a report on Friday, March 22nd. Desjardins decreased their price target on CGI from C$164.00 to C$162.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Sanford C. Bernstein lifted their price objective on CGI from C$126.00 to C$127.00 in a research note on Thursday. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$161.27.

CGI Stock Up 1.6 %

Shares of TSE GIB.A opened at C$141.86 on Thursday. The company has a 50 day simple moving average of C$149.73 and a 200 day simple moving average of C$144.85. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. CGI has a 1 year low of C$127.73 and a 1 year high of C$160.40. The firm has a market cap of C$29.27 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80.

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.