CGI (TSE:GIB.A) Upgraded to Buy by TD Securities

CGI (TSE:GIB.A) (NYSE:GIB) was upgraded by TD Securities from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a C$160.00 price objective on the stock, down from their previous price objective of C$165.00. TD Securities’ price objective suggests a potential upside of 12.79% from the stock’s current price.

GIB.A has been the subject of several other research reports. Scotiabank boosted their price target on shares of CGI from C$155.00 to C$165.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Canaccord Genuity Group reduced their price objective on shares of CGI from C$166.00 to C$160.00 and set a “buy” rating for the company in a research report on Friday, April 26th. BMO Capital Markets boosted their price objective on shares of CGI from C$155.00 to C$170.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Raymond James boosted their price objective on shares of CGI from C$150.00 to C$167.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada reduced their price objective on shares of CGI from C$170.00 to C$163.00 and set an “outperform” rating for the company in a research report on Thursday. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$161.27.

CGI Trading Up 1.6 %

TSE GIB.A opened at C$141.86 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93. CGI has a 52 week low of C$127.73 and a 52 week high of C$160.40. The stock 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. The firm has a 50 day moving average of C$149.73 and a two-hundred day moving average 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.