Raymond James Forecasts Strong Price Appreciation for CGI (TSE:GIB.A) Stock

CGI (TSE:GIB.A) (NYSE:GIB) had its price target upped by investment analysts at Raymond James from C$171.00 to C$180.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Raymond James’ price target points to a potential upside of 15.60% from the stock’s current price.

GIB.A has been the topic of several other reports. Jefferies Financial Group boosted their price target on CGI from C$121.00 to C$132.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. TD Securities upped their target price on shares of CGI from C$160.00 to C$180.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. CIBC raised shares of CGI from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Stifel Nicolaus upped 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, August 1st. Finally, Scotiabank lifted their target price on CGI from C$160.00 to C$170.00 in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$169.83.

CGI Stock Down 0.8 %

TSE:GIB.A traded down C$1.27 during mid-day trading on Thursday, hitting C$155.71. The company had a trading volume of 98,940 shares, compared to its average volume of 328,642. CGI has a 1 year low of C$132.06 and a 1 year high of C$160.75. The business has a fifty day simple moving average of C$154.96 and a 200-day simple moving average of C$146.64. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The firm has a market capitalization of C$31.73 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 2.24 and a beta of 0.86.

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.