Investment Analysts’ Recent Ratings Updates for CGI (GIB)

Several analysts have recently updated their ratings and price targets for CGI (NYSE: GIB):

  • 7/29/2022 – CGI was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 7/28/2022 – CGI had its price target raised by analysts at Royal Bank of Canada from C$120.00 to C$130.00.
  • 7/28/2022 – CGI had its price target raised by analysts at BMO Capital Markets from C$120.00 to C$125.00.
  • 7/28/2022 – CGI had its price target raised by analysts at TD Securities from C$130.00 to C$135.00.
  • 7/28/2022 – CGI had its price target raised by analysts at Canaccord Genuity Group Inc. from C$120.00 to C$125.00.
  • 7/14/2022 – CGI was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 7/6/2022 – CGI was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

CGI Trading Up 0.7 %

GIB opened at $86.06 on Thursday. The stock’s fifty day moving average is $81.65 and its two-hundred day moving average is $81.88. The company has a market capitalization of $20.62 billion, a P/E ratio of 18.43, a PEG ratio of 2.14 and a beta of 0.95. CGI Inc. has a 52 week low of $73.76 and a 52 week high of $93.93. The company has a quick ratio of 0.82, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

Institutional Trading of CGI

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Asset Advisory Services LLC boosted its position in CGI by 3.5% during the 1st quarter. Capital Asset Advisory Services LLC now owns 4,541 shares of the technology company’s stock valued at $363,000 after acquiring an additional 152 shares in the last quarter. West Family Investments Inc. boosted its position in CGI by 5.2% during the 4th quarter. West Family Investments Inc. now owns 3,144 shares of the technology company’s stock valued at $278,000 after acquiring an additional 155 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in CGI by 4.0% during the 1st quarter. Wetherby Asset Management Inc. now owns 5,297 shares of the technology company’s stock valued at $423,000 after acquiring an additional 204 shares in the last quarter. OneAscent Wealth Management LLC boosted its position in CGI by 5.2% during the 4th quarter. OneAscent Wealth Management LLC now owns 5,397 shares of the technology company’s stock valued at $478,000 after acquiring an additional 269 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of CGI by 9.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,348 shares of the technology company’s stock worth $296,000 after purchasing an additional 284 shares in the last quarter. Institutional investors own 51.18% of the company’s stock.

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.

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