CGI (NYSE:GIB) Earns Outperform Rating from Royal Bank of Canada

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A's stock had its "outperform" rating reissued by investment analysts at Royal Bank of Canada in a note issued to investors on Wednesday,Benzinga reports. They presently have a $192.00 price target on the technology company's stock. Royal Bank of Canada's target price suggests a potential upside of 95.75% from the stock's current price.

A number of other equities analysts have also issued reports on GIB. Jefferies Financial Group decreased their price objective on CGI from $140.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. UBS Group raised their target price on shares of CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $156.75.

CGI Stock Down 1.2 %

GIB stock traded down $1.17 during mid-day trading on Wednesday, hitting $98.09. 164,945 shares of the company were exchanged, compared to its average volume of 182,861. The company has a market capitalization of $22.24 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. The firm has a fifty day simple moving average of $110.31 and a 200 day simple moving average of $111.53. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. CGI has a twelve month low of $96.92 and a twelve month high of $122.79.

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CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share (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%. On average, research analysts forecast that CGI will post 5.79 earnings per share for the current fiscal year.

Institutional Trading of CGI

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of CGI during the 3rd quarter worth $28,000. Sierra Ocean LLC bought a new position in CGI in the fourth quarter worth $62,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in CGI during the fourth quarter worth $83,000. Hoey Investments Inc. bought a new stake in CGI in the 4th quarter valued at $99,000. Finally, Blue Trust Inc. raised its stake in shares of CGI by 47.6% in the 4th quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock valued at $134,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 66.68% of the company's stock.

About CGI

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.