CGI (TSE:GIB.A) PT Raised to C$155.00 at CIBC

CGI (TSE:GIB.A) (NYSE:GIB) had its price target increased by analysts at CIBC from C$151.00 to C$155.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential downside of 0.55% from the company’s previous close.

A number of other brokerages also recently commented on GIB.A. Stifel Nicolaus raised their price objective on shares of CGI from C$170.00 to C$180.00 and gave the company a “buy” rating in a research report on Thursday. TD Securities upgraded shares of CGI from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$165.00 to C$160.00 in a research report on Thursday, May 2nd. Royal Bank of Canada dropped their target price on shares of CGI from C$170.00 to C$163.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Desjardins dropped their target price on shares of CGI from C$164.00 to C$162.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, Canaccord Genuity Group dropped their target price on shares of CGI from C$166.00 to C$160.00 and set a “buy” rating for the company in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$164.83.

CGI Stock Performance

TSE:GIB.A traded down C$1.58 during mid-day trading on Thursday, reaching C$155.85. The stock had a trading volume of 273,353 shares, compared to its average volume of 333,139. The company has a debt-to-equity ratio of 34.26, a quick ratio of 0.97 and a current ratio of 1.17. The firm has a market capitalization of C$32.06 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.48 and a beta of 0.81. CGI has a twelve month low of C$129.00 and a twelve month high of C$160.40. The business has a 50 day simple moving average of C$140.86 and a 200 day simple moving average of C$145.89.

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.