CGI (TSE:GIB.A) (NYSE:GIB) had its target price raised by TD Securities from C$120.00 to C$130.00 in a research report report published on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Other equities analysts have also issued research reports about the company. BMO Capital Markets raised their price objective on CGI from C$115.00 to C$117.00 in a research report on Thursday, November 7th. Raymond James set a C$110.00 price objective on CGI and gave the company an outperform rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of C$110.65.
Shares of GIB.A stock opened at C$112.66 on Friday. The stock has a fifty day moving average of C$110.00 and a 200 day moving average of C$105.02. CGI has a 52 week low of C$84.09 and a 52 week high of C$113.37. The firm has a market capitalization of $26.93 billion and a price-to-earnings ratio of 24.76. The company has a quick ratio of 0.93, a current ratio of 1.13 and a debt-to-equity ratio of 34.15.
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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