CGI (TSE:GIB.A) PT Raised to C$127.00 at Sanford C. Bernstein

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by equities research analysts at Sanford C. Bernstein from C$126.00 to C$127.00 in a research report issued on Thursday, BayStreet.CA reports. Sanford C. Bernstein’s price objective would suggest a potential downside of 10.48% from the stock’s current price.

Several other research analysts have also recently commented on the company. Desjardins cut their price target on CGI from C$164.00 to C$162.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Scotiabank upped their target price on CGI from C$155.00 to C$165.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. TD Securities cut CGI from a “buy” rating to a “hold” rating and reduced their target price for the company from C$170.00 to C$165.00 in a research note on Friday, March 22nd. Raymond James lifted their price target on shares of CGI from C$150.00 to C$167.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, CIBC upped their price target on shares of CGI from C$155.00 to C$169.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, CGI has a consensus rating of “Buy” and a consensus target price of C$161.27.

CGI Price Performance

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

About CGI

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.