CGI Inc (TSE:GIB.A) Receives Consensus Recommendation of “Moderate Buy” from Analysts

CGI Inc (TSE:GIB.AGet Rating) (NYSE:GIB) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$127.75.

Several brokerages have recently commented on GIB.A. Scotiabank increased their price objective on CGI from C$130.00 to C$135.00 in a report on Thursday, November 10th. TD Securities increased their price objective on CGI from C$130.00 to C$135.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Raymond James upped their target price on CGI from C$130.00 to C$134.00 and gave the company an “outperform” rating in a research report on Thursday, November 10th. BMO Capital Markets upped their target price on CGI from C$120.00 to C$125.00 in a research report on Thursday, July 28th. Finally, Royal Bank of Canada upped their target price on CGI from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th.

CGI Stock Up 0.6 %

CGI stock opened at C$114.39 on Wednesday. The business has a fifty day moving average of C$106.99 and a two-hundred day moving average of C$106.04. The company has a quick ratio of 0.97, a current ratio of 1.19 and a debt-to-equity ratio of 54.70. The firm has a market cap of C$27.21 billion and a P/E ratio of 18.85. CGI has a twelve month low of C$95.45 and a twelve month high of C$114.68.

About CGI

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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.

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Analyst Recommendations for CGI (TSE:GIB.A)

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