CGI (TSE:GIB.A) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its price target hoisted by analysts at Canaccord Genuity Group from C$170.00 to C$175.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s target price indicates a potential upside of 13.04% from the stock’s current price.

GIB.A has been the subject of several other reports. CIBC upgraded CGI from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Desjardins raised their target price on CGI from C$166.00 to C$172.00 and gave the company a “buy” rating in a report on Thursday, August 1st. National Bankshares boosted their price target on CGI from C$175.00 to C$185.00 in a report on Thursday, August 1st. BMO Capital Markets raised their price objective on CGI from C$160.00 to C$170.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus lifted their target price on CGI from C$170.00 to C$180.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$169.83.

CGI Stock Down 0.7 %

CGI stock opened at C$154.81 on Thursday. CGI has a twelve month low of C$132.06 and a twelve month high of C$160.75. The stock has a market cap of C$31.55 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.24 and a beta of 0.86. The company’s 50-day moving average price is C$155.19 and its two-hundred day moving average price is C$146.79. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

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.