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

CGI Inc (TSE:GIB.A) (NYSE:GIB) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$167.30.

A number of analysts have recently weighed in on GIB.A shares. Canaccord Genuity Group reduced their target price on shares of CGI from C$166.00 to C$160.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Desjardins cut their price objective on shares of CGI from C$164.00 to C$162.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Royal Bank of Canada increased their price objective on shares of CGI from C$155.00 to C$170.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. TD Securities downgraded shares of CGI from a “buy” rating to a “hold” rating and cut their price objective for the company from C$170.00 to C$165.00 in a research report on Friday, March 22nd. Finally, Stifel Nicolaus increased their price objective on shares of CGI from C$160.00 to C$170.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th.

CGI Stock Down 0.1 %

Shares of CGI stock opened at C$139.49 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 34.93. The company’s fifty day simple moving average is C$150.29 and its two-hundred day simple moving average is C$144.95. The company has a market cap of C$28.78 billion, a P/E ratio of 20.16, a PEG ratio of 1.48 and a beta of 0.80. CGI has a 12-month low of C$127.73 and a 12-month high of C$160.40.

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.