CGI (TSE:GIB.A) PT Lowered to C$165.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective dropped by stock analysts at CIBC from C$169.00 to C$165.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 16.31% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Canaccord Genuity Group cut their price target on CGI from C$166.00 to C$160.00 and set a “buy” rating for the company in a report on Friday, April 26th. Royal Bank of Canada cut their price target on CGI from C$170.00 to C$163.00 and set an “outperform” rating for the company in a report on Thursday. TD Securities raised shares of CGI from a “hold” rating to a “buy” rating and lowered their price objective for the company from C$165.00 to C$160.00 in a research note on Thursday. Sanford C. Bernstein boosted their price objective on shares of CGI from C$126.00 to C$127.00 in a research note on Thursday. Finally, Scotiabank boosted their price objective on shares of CGI from C$155.00 to C$165.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$161.27.

CGI Trading Up 1.6 %

Shares of GIB.A opened at C$141.86 on Thursday. The stock has a fifty day moving average of C$149.73 and a two-hundred day moving average of C$144.85. The company has a debt-to-equity ratio of 34.93, a quick ratio of 0.97 and a current ratio of 1.11. The company has a market capitalization 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 has a fifty-two week low of C$127.73 and a fifty-two week high of C$160.40.

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.