TD Securities Raises CGI (TSE:GIB.A) Price Target to C$190.00

CGI (TSE:GIB.A - Get Free Report) NYSE: GIB had its target price lifted by investment analysts at TD Securities from C$180.00 to C$190.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 10.41% from the stock's previous close.

A number of other brokerages have also recently weighed in on GIB.A. Royal Bank of Canada boosted their price objective on shares of CGI from C$178.00 to C$192.00 and gave the stock an "outperform" rating in a research note on Thursday. Raymond James boosted their price objective on shares of CGI from C$180.00 to C$183.00 and gave the stock an "outperform" rating in a research note on Thursday. CIBC boosted their price objective 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. Canaccord Genuity Group upped their target price on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group upped their target price on shares of CGI from C$175.00 to C$190.00 and gave the company a "buy" rating in a research note on Thursday. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$178.31.

CGI Stock Up 0.4 %

TSE GIB.A traded up C$0.76 during trading on Thursday, hitting C$172.09. 500,479 shares of the company traded hands, compared to its average volume of 329,504. The business has a fifty day simple moving average of C$158.62 and a 200 day simple moving average of C$154.15. CGI has a 12 month low of C$132.06 and a 12 month high of C$175.35. 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 company has a market capitalization of C$35.07 billion, a P/E ratio of 24.07, a PEG ratio of 2.24 and a beta of 0.86.

About CGI

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.