CGI (TSE:GIB.A - Get Free Report) NYSE: GIB had its price objective raised by stock analysts at CIBC from C$178.00 to C$183.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. CIBC's price target would suggest a potential upside of 6.34% from the company's current price.
A number of other research firms also recently issued reports on GIB.A. Stifel Nicolaus lifted their price target on shares of CGI from C$180.00 to C$185.00 in a research report on Thursday. Raymond James lifted their price objective on CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Canaccord Genuity Group lifted their price objective on CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price objective on CGI from C$170.00 to C$178.00 in a research report on Thursday, November 7th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$178.31.
View Our Latest Stock Report on GIB.A
CGI Stock Performance
Shares of TSE GIB.A traded up C$0.76 during midday trading on Thursday, reaching C$172.09. 500,479 shares of the company were exchanged, compared to its average volume of 329,504. 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 has a market cap of C$35.07 billion, a P/E ratio of 24.07, a PEG ratio of 2.24 and a beta of 0.86. CGI has a 1 year low of C$132.06 and a 1 year high of C$175.35. The stock has a fifty day simple moving average of C$158.62 and a 200 day simple moving average of 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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