CGI (TSE:GIB.A) PT Raised to C$170.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target raised by BMO Capital Markets from C$160.00 to C$170.00 in a research note released on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also commented on the company. TD Securities raised CGI from a hold rating to a buy rating and cut their price objective for the stock from C$165.00 to C$160.00 in a research note on Thursday, May 2nd. Sanford C. Bernstein increased their price objective on shares of CGI from C$126.00 to C$127.00 in a research report on Thursday, May 2nd. Royal Bank of Canada dropped their target price on shares of CGI from C$170.00 to C$163.00 and set an outperform rating on the stock in a report on Thursday, May 2nd. CIBC cut shares of CGI from an outperform rating to a neutral rating and cut their price target for the company from C$165.00 to C$151.00 in a research report on Friday, June 21st. Finally, Desjardins dropped their price objective on CGI from C$164.00 to C$162.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$164.83.

CGI Stock Down 1.8 %

TSE:GIB.A opened at C$154.65 on Monday. The firm’s 50 day simple moving average is C$141.09 and its 200 day simple moving average is C$145.95. The company has a market cap of C$31.82 billion, a PE ratio of 22.06, a P/E/G ratio of 1.48 and a beta of 0.81. CGI has a one year low of C$129.00 and a one year high of C$160.40. The company has a debt-to-equity ratio of 34.26, a current ratio of 1.17 and a quick ratio of 0.97.

CGI Company Profile

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.