UBS Group Issues Positive Forecast for CGI (NYSE:GIB) Stock Price

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A had its target price upped by research analysts at UBS Group from $118.00 to $122.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. UBS Group's target price indicates a potential upside of 2.39% from the stock's current price.

Other analysts also recently issued research reports about the stock. Cibc World Mkts upgraded shares of CGI from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $178.00 target price on shares of CGI in a research note on Monday, January 6th. CIBC upgraded CGI from a "neutral" rating to an "outperformer" rating and upped their price objective for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. StockNews.com upgraded shares of CGI from a "sell" rating to a "hold" rating in a report on Friday, November 15th. Finally, Jefferies Financial Group cut their target price on CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $153.25.

CGI Stock Performance

CGI stock traded down $1.01 during mid-day trading on Monday, hitting $119.16. The company had a trading volume of 148,081 shares, compared to its average volume of 195,919. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $27.02 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 2.59 and a beta of 0.94. The company's fifty day moving average is $111.47 and its 200-day moving average is $111.70. CGI has a 12-month low of $96.92 and a 12-month high of $121.55.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. Equities research analysts predict that CGI will post 5.79 EPS for the current year.

Institutional Trading of CGI

Hedge funds have recently made changes to their positions in the company. Crestwood Advisors Group LLC boosted its stake in shares of CGI by 2.4% in the third quarter. Crestwood Advisors Group LLC now owns 4,222 shares of the technology company's stock valued at $485,000 after buying an additional 97 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of CGI by 1.0% during the 4th quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company's stock worth $1,153,000 after acquiring an additional 108 shares in the last quarter. West Family Investments Inc. grew its holdings in shares of CGI by 5.5% in the 3rd quarter. West Family Investments Inc. now owns 2,323 shares of the technology company's stock worth $267,000 after acquiring an additional 121 shares during the period. Signal Advisors Wealth LLC increased its stake in CGI by 4.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company's stock valued at $345,000 after purchasing an additional 135 shares in the last quarter. Finally, CWM LLC raised its holdings in CGI by 14.8% during the third quarter. CWM LLC now owns 1,365 shares of the technology company's stock worth $157,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company's stock.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.