Desjardins Cuts CGI (TSE:GIB.A) Price Target to C$162.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective decreased by Desjardins from C$164.00 to C$162.00 in a research note released on Wednesday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Scotiabank raised their price target on CGI from C$155.00 to C$165.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Canaccord Genuity Group boosted their price objective on CGI from C$152.00 to C$166.00 and gave the stock a buy rating in a research note on Thursday, February 1st. Royal Bank of Canada boosted their price target on CGI from C$155.00 to C$170.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. CIBC boosted their price target on CGI from C$155.00 to C$169.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Finally, Raymond James boosted their price target on CGI from C$150.00 to C$167.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$165.73.

CGI Stock Up 0.1 %

GIB.A opened at C$140.98 on Wednesday. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. The business has a 50 day simple moving average of C$150.86 and a 200-day simple moving average of C$144.76. The stock has a market capitalization of C$29.09 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.48 and a beta of 0.80. CGI has a 12 month low of C$127.73 and a 12 month high of C$160.40.

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.