CGI (TSE:GIB.A) PT Set at C$192.00 by Royal Bank of Canada

CGI (TSE:GIB.A - Get Free Report) NYSE: GIB has been given a C$192.00 price target by stock analysts at Royal Bank of Canada in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's target price points to a potential upside of 36.63% from the stock's previous close.

A number of other brokerages have also issued reports on GIB.A. Stifel Nicolaus raised their target price on CGI from C$180.00 to C$185.00 in a research note on Thursday, January 30th. TD Securities lifted their target price on shares of CGI from C$180.00 to C$190.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Raymond James increased their price objective on CGI from C$180.00 to C$183.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Scotiabank raised their price objective on shares of CGI from C$170.00 to C$185.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Finally, CIBC increased their target price on CGI from C$178.00 to C$183.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, CGI currently has a consensus rating of "Buy" and a consensus target price of C$178.31.

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CGI Price Performance

Shares of GIB.A traded down C$1.62 during mid-day trading on Wednesday, hitting C$140.53. 367,175 shares of the stock were exchanged, compared to its average volume of 420,476. CGI has a 52-week low of C$132.06 and a 52-week high of C$175.35. The company has a market cap of C$28.64 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The firm has a 50-day moving average of C$158.19 and a two-hundred day moving average of C$157.04. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

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.