Scotiabank upgraded shares of CGI (TSE:GIB.A) (NYSE:GIB) from a sector perform rating to an outperform rating in a report published on Monday, BayStreet.CA reports. They currently have C$90.00 price objective on the stock, down from their prior price objective of C$112.00.
GIB.A has been the subject of several other reports. Wells Fargo & Co reduced their price target on CGI from C$110.00 to C$106.00 in a report on Thursday, January 30th. BMO Capital Markets reduced their price target on CGI from C$125.00 to C$117.00 in a report on Thursday, January 30th. TD Securities reduced their price target on CGI from C$130.00 to C$125.00 and set a buy rating for the company in a report on Thursday, January 30th. Eight Capital lifted their price target on CGI from C$106.00 to C$120.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada lifted their price target on CGI from C$115.00 to C$125.00 and gave the company an outperform rating in a report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$114.09.
Shares of CGI stock opened at C$73.35 on Monday. The firm has a market cap of $17.59 billion and a price-to-earnings ratio of 16.30. The company has a debt-to-equity ratio of 42.96, a current ratio of 1.04 and a quick ratio of 0.80. CGI has a 52-week low of C$70.01 and a 52-week high of C$114.49. The stock has a 50-day simple moving average of C$91.98 and a 200-day simple moving average of C$103.12.
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.
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