CGI Inc (TSE:GIB.A) Receives C$167.17 Consensus Target Price from Brokerages

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have earned an average recommendation of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$167.17.

Several research analysts have weighed in on the stock. Scotiabank increased their price target on shares of CGI from C$160.00 to C$170.00 in a research report on Friday, August 2nd. Stifel Nicolaus raised their target price on CGI from C$170.00 to C$180.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Sanford C. Bernstein boosted their price target on CGI from C$127.00 to C$138.00 and gave the company a “buy” rating in a report on Thursday, August 1st. CIBC upgraded CGI from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$155.00 to C$178.00 in a research report on Tuesday, October 15th. Finally, National Bankshares lifted their price objective on CGI from C$175.00 to C$185.00 in a research report on Thursday, August 1st.

CGI Price Performance

Shares of TSE:GIB.A opened at C$158.99 on Wednesday. The firm’s 50 day moving average price is C$154.23 and its 200-day moving average price is C$146.29. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The stock has a market capitalization of C$32.40 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. CGI has a twelve month low of C$129.93 and a twelve month high of C$160.75.

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.