CGI (TSE:GIB.A) Hits New 52-Week High - Time to Buy?

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB reached a new 52-week high on Friday . The company traded as high as C$160.74 and last traded at C$160.58, with a volume of 50497 shares changing hands. The stock had previously closed at C$159.66.

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Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. CIBC upgraded shares of CGI from a "neutral" rating to an "outperform" rating and raised their price target for the stock from C$155.00 to C$178.00 in a report on Tuesday. Jefferies Financial Group boosted their target price on shares of CGI from C$121.00 to C$132.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Scotiabank upped their price target on shares of CGI from C$160.00 to C$170.00 in a research report on Friday, August 2nd. Raymond James lifted their price objective on CGI from C$167.00 to C$171.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus upped their target price on CGI from C$170.00 to C$180.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$167.17.

Read Our Latest Research Report on GIB.A

CGI Stock Performance

The business has a 50 day moving average of C$152.61 and a 200-day moving average of C$145.81. The company has a market capitalization of C$32.72 billion, a P/E ratio of 22.45, a price-to-earnings-growth 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.

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CGI Company Profile

(Get Free Report)

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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