CGI (TSE:GIB.A) Price Target Increased to C$127.00 by Analysts at Sanford C. Bernstein

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective boosted by Sanford C. Bernstein from C$126.00 to C$127.00 in a research note published on Thursday morning, BayStreet.CA reports.

Several other research firms also recently weighed in on GIB.A. CIBC increased their price target on CGI from C$155.00 to C$169.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. TD Securities lowered CGI from a buy rating to a hold rating and cut their price target for the stock from C$170.00 to C$165.00 in a report on Friday, March 22nd. Canaccord Genuity Group reduced their price objective on shares of CGI from C$166.00 to C$160.00 and set a buy rating for the company in a research note on Friday, April 26th. Stifel Nicolaus increased their target price on shares of CGI from C$160.00 to C$170.00 and gave the stock a buy rating in a research note on Tuesday, January 30th. Finally, Raymond James boosted their price target on shares of CGI from C$150.00 to C$167.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of C$161.27.

CGI Price Performance

Shares of TSE:GIB.A opened at C$141.86 on Thursday. CGI has a fifty-two week low of C$127.73 and a fifty-two week high of C$160.40. The company’s 50-day moving average is C$149.43 and its 200 day moving average is C$144.90. 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 company has a market capitalization of C$29.27 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80.

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.