CGI (TSE:GIB.A - Get Free Report) NYSE: GIB had its price objective upped by equities research analysts at Stifel Nicolaus from C$180.00 to C$185.00 in a research report issued on Thursday,BayStreet.CA reports. Stifel Nicolaus' price target indicates a potential upside of 7.51% from the stock's current price.
Several other analysts have also recently commented on GIB.A. Royal Bank of Canada raised their target price on CGI from C$170.00 to C$178.00 in a research report on Thursday, November 7th. Raymond James raised their price target on CGI from C$171.00 to C$180.00 in a report on Thursday, November 7th. CIBC raised shares of CGI from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from C$155.00 to C$178.00 in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group increased their target price on shares of CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$178.31.
Read Our Latest Research Report on GIB.A
CGI Stock Performance
CGI stock traded up C$0.74 during midday trading on Thursday, reaching C$172.07. 258,165 shares of the stock traded hands, compared to its average volume of 328,407. The firm has a fifty day moving average price of C$158.62 and a two-hundred day moving average price of C$154.15. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$175.35. The firm has a market cap 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 current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.
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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