CGI (TSE:GIB.A) PT Lowered to C$165.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target reduced by CIBC from C$169.00 to C$165.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 16.31% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on GIB.A. Stifel Nicolaus upped their price target on CGI from C$160.00 to C$170.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Canaccord Genuity Group reduced their target price on CGI from C$166.00 to C$160.00 and set a “buy” rating for the company in a report on Friday, April 26th. Sanford C. Bernstein increased their target price on CGI from C$126.00 to C$127.00 in a report on Thursday. Raymond James increased their target price on CGI from C$150.00 to C$167.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Scotiabank increased their price target on CGI from C$155.00 to C$165.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, CGI presently has an average rating of “Buy” and a consensus price target of C$161.27.

CGI Stock Performance

TSE GIB.A opened at C$141.86 on Thursday. The stock has a market capitalization of C$29.27 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.48 and a beta of 0.80. CGI has a twelve month low of C$127.73 and a twelve month high of C$160.40. 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 stock has a 50-day moving average of C$149.73 and a 200 day moving average of C$144.85.

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.