CGI (TSE:GIB.A) PT Raised to C$132.00 at Jefferies Financial Group

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective lifted by Jefferies Financial Group from C$121.00 to C$132.00 in a report released on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on GIB.A. BMO Capital Markets lifted their target price on CGI from C$160.00 to C$170.00 and gave the stock an outperform rating in a research report on Monday, July 29th. TD Securities raised CGI from a hold rating to a buy rating and cut their price target for the stock from C$165.00 to C$160.00 in a research report on Thursday, May 2nd. National Bankshares boosted their price objective on CGI from C$175.00 to C$185.00 in a research note on Thursday. Canaccord Genuity Group lowered their target price on shares of CGI from C$166.00 to C$160.00 and set a buy rating on the stock in a research report on Friday, April 26th. Finally, Royal Bank of Canada reduced their price target on shares of CGI from C$170.00 to C$163.00 and set an outperform rating for the company in a research report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$165.25.

CGI Trading Down 2.3 %

TSE GIB.A opened at C$151.05 on Thursday. CGI has a 12 month low of C$129.00 and a 12 month high of C$160.40. The company has a market capitalization of C$31.08 billion, a price-to-earnings 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. The firm’s fifty day moving average price is C$141.26 and its 200 day moving average price is C$146.05.

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.