CGI (TSE:GIB.A) Price Target Lowered to C$160.00 at BMO Capital Markets

CGI (TSE:GIB.A) (NYSE:GIB) had its target price lowered by BMO Capital Markets from C$170.00 to C$160.00 in a report issued on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. Raymond James raised their price target on shares of CGI from C$150.00 to C$167.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. 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. TD Securities upgraded CGI from a hold rating to a buy rating and lowered their price target for the company from C$165.00 to C$160.00 in a report on Thursday. Stifel Nicolaus increased their price objective on 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, Desjardins decreased their target price on CGI from C$164.00 to C$162.00 and set a buy rating for the company in a research report on Wednesday, April 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of C$161.27.

CGI Stock Performance

Shares of CGI stock opened at C$141.86 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93. The stock’s fifty day moving average is C$149.43 and its two-hundred day moving average is C$145.04. CGI has a 52 week low of C$127.73 and a 52 week high of C$160.40. The company has a market capitalization of C$29.27 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80.

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.