CGI (TSE:GIB.A) Given New C$180.00 Price Target at TD Securities

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective increased by TD Securities from C$160.00 to C$180.00 in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus boosted their target price on shares of CGI from C$170.00 to C$180.00 and gave the stock a buy rating in a research report on Thursday. Desjardins decreased their price objective on shares of CGI from C$164.00 to C$162.00 and set a buy rating on the stock in a report on Wednesday, April 24th. BMO Capital Markets increased their target price on shares of CGI from C$160.00 to C$170.00 and gave the company an outperform rating in a report on Monday, July 29th. Canaccord Genuity Group reduced their price target on shares of CGI from C$166.00 to C$160.00 and set a buy rating for the company in a research report on Friday, April 26th. Finally, Jefferies Financial Group upped their price target on CGI from C$121.00 to C$132.00 and gave the stock a buy rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, CGI presently has a consensus rating of Moderate Buy and an average target price of C$165.25.

CGI Stock Down 2.3 %

CGI stock opened at C$151.05 on Thursday. The stock’s 50 day moving average price is C$141.26 and its 200 day moving average price is C$146.05. CGI has a 1-year low of C$129.00 and a 1-year high of C$160.40. The company has a market cap of C$31.08 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81. The company has a debt-to-equity ratio of 34.26, a current ratio of 1.17 and a quick ratio of 0.97.

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.