CGI (TSE:GIB.A) Given New C$162.00 Price Target at Desjardins

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective reduced by investment analysts at Desjardins from C$164.00 to C$162.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 15.02% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group lifted their target price on shares of CGI from C$152.00 to C$166.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Stifel Nicolaus lifted their target price on shares of CGI from C$160.00 to C$170.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. BMO Capital Markets lifted their target price on shares of CGI from C$155.00 to C$170.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Royal Bank of Canada lifted their target price on shares of CGI from C$155.00 to C$170.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Scotiabank lifted their target price on shares of CGI from C$155.00 to C$165.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$166.27.

CGI Trading Down 2.0 %

TSE GIB.A opened at C$140.84 on Wednesday. The company has a debt-to-equity ratio of 34.93, a quick ratio of 0.97 and a current ratio of 1.11. The firm has a market cap of C$29.06 billion, a PE ratio of 20.35, a P/E/G ratio of 1.48 and a beta of 0.80. CGI has a one year low of C$127.73 and a one year high of C$160.40. The firm’s fifty day moving average is C$151.14 and its two-hundred day moving average is C$144.73.

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.