CGI (TSE:GIB.A - Get Free Report) NYSE: GIB had its price objective lifted by investment analysts at Royal Bank of Canada from C$170.00 to C$178.00 in a research note issued on Thursday,BayStreet.CA reports. Royal Bank of Canada's target price suggests a potential upside of 14.32% from the company's previous close.
A number of other equities research analysts also recently commented on GIB.A. Raymond James increased their price objective on CGI from C$167.00 to C$171.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Sanford C. Bernstein lifted their price objective on CGI from C$127.00 to C$138.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. CIBC upgraded shares of CGI from a "neutral" rating to an "outperform" rating and raised their price target for the company from C$155.00 to C$178.00 in a report on Tuesday, October 15th. Desjardins raised their price objective on CGI from C$166.00 to C$172.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Finally, TD Securities raised their target price on CGI from C$160.00 to C$180.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Eleven 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$169.83.
Read Our Latest Stock Report on CGI
CGI Stock Performance
CGI stock traded down C$1.27 during mid-day trading on Thursday, hitting C$155.71. 98,940 shares of the company's stock traded hands, compared to its average volume of 328,642. The company has a market cap of C$31.73 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The firm has a 50 day moving average price of C$154.96 and a 200 day moving average price of C$146.64. CGI has a one year low of C$132.06 and a one year high of C$160.75. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.
CGI Company Profile
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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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