CGI (TSE:GIB.A) Price Target Raised to C$185.00 at National Bankshares

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by National Bankshares from C$175.00 to C$185.00 in a research report released on Thursday, BayStreet.CA reports.

GIB.A has been the subject of several other research reports. BMO Capital Markets boosted their price objective on shares of CGI from C$160.00 to C$170.00 and gave the company an outperform rating in a research note on Monday. Sanford C. Bernstein boosted their price target on shares of CGI from C$126.00 to C$127.00 in a research note on Thursday, May 2nd. Desjardins cut their price target on shares of CGI from C$164.00 to C$162.00 and set a buy rating for the company in a research note on Wednesday, April 24th. TD Securities raised shares of CGI from a hold rating to a buy rating and cut their price target for the stock from C$165.00 to C$160.00 in a research note on Thursday, May 2nd. Finally, CIBC lowered shares of CGI from an outperform rating to a neutral rating and lowered their price target for the company from C$165.00 to C$151.00 in a report on Friday, June 21st. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CGI has a consensus rating of Moderate Buy and a consensus target price of C$164.83.

CGI Price Performance

Shares of CGI stock traded down C$1.55 on Thursday, reaching C$153.10. The stock had a trading volume of 25,814 shares, compared to its average volume of 332,355. The business’s 50 day moving average is C$141.09 and its two-hundred day moving average is C$145.95. The company has a market cap of C$31.50 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81. CGI has a 1 year low of C$129.00 and a 1 year high of C$160.40. The company has a current ratio of 1.17, a quick ratio of 0.97 and a debt-to-equity ratio of 34.26.

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.