CGI (TSE:GIB.A - Get Free Report) NYSE: GIB had its price objective lifted by research analysts at BMO Capital Markets from C$177.00 to C$190.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price points to a potential upside of 10.41% from the company's current price.
Several other equities research analysts have also issued reports on GIB.A. Raymond James lifted their target price on shares of CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of CGI from C$170.00 to C$178.00 in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on shares of CGI from C$180.00 to C$185.00 in a research note on Thursday. CIBC lifted their price target on shares of CGI from C$178.00 to C$183.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Canaccord Genuity Group lifted their price target on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$178.31.
Read Our Latest Analysis on CGI
CGI Price Performance
Shares of GIB.A stock traded up C$0.76 during trading hours on Thursday, reaching C$172.09. The stock had a trading volume of 500,479 shares, compared to its average volume of 329,504. CGI has a 12 month low of C$132.06 and a 12 month high of C$175.35. The firm has a market capitalization of C$35.07 billion, a PE ratio of 24.07, a PEG ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The stock's fifty day simple moving average is C$158.62 and its 200 day simple moving average is C$154.15.
About CGI
(
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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.
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