CIBC Increases CGI (TSE:GIB.A) Price Target to C$183.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target increased by CIBC from C$178.00 to C$183.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 5.10% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Raymond James boosted their target price on shares of CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Canaccord Genuity Group upped their target price on CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on CGI from C$180.00 to C$185.00 in a research note on Thursday. Finally, Royal Bank of Canada upped their price objective on CGI from C$170.00 to C$178.00 in a research report on Thursday, November 7th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$178.31.

CGI Stock Performance

Shares of GIB.A traded up C$8.55 during midday trading on Thursday, reaching C$174.12. 157,411 shares of the stock were exchanged, compared to its average volume of 301,690. The stock’s 50 day simple moving average is C$157.88 and its 200 day simple moving average is C$153.67. The company has a market cap of C$35.48 billion, a P/E ratio of 24.35, a PEG ratio of 2.24 and a beta of 0.86. CGI has a twelve month low of C$132.06 and a twelve month high of C$174.87. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

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.