CGI (TSE:GIB.A) Given New C$183.00 Price Target at Raymond James

CGI (TSE:GIB.A - Get Free Report) NYSE: GIB had its price objective upped by equities research analysts at Raymond James from C$180.00 to C$183.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James' price objective would suggest a potential upside of 6.34% from the stock's current price.

A number of other brokerages have also recently commented on GIB.A. Stifel Nicolaus raised their target price on CGI from C$180.00 to C$185.00 in a report on Thursday. Royal Bank of Canada raised their target price on CGI from C$178.00 to C$192.00 and gave the company an "outperform" rating in a report on Thursday. BMO Capital Markets raised their target price on CGI from C$177.00 to C$190.00 and gave the company an "outperform" rating in a report on Thursday. Canaccord Genuity Group lifted their price objective on CGI from C$175.00 to C$190.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Canaccord Genuity Group lifted their price objective on CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$178.31.

CGI Trading Up 0.4 %

Shares of TSE GIB.A traded up C$0.76 during mid-day trading on Thursday, reaching C$172.09. 500,479 shares of the company's stock were exchanged, compared to its average volume of 329,504. The firm has a market capitalization of C$35.07 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.24 and a beta of 0.86. 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 has a 52-week low of C$132.06 and a 52-week high of C$175.35. The company's 50-day moving average is C$158.62 and its 200-day moving average is C$154.15.

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.