CGI (TSE:GIB.A) Given a C$135.00 Price Target at National Bank Financial

CGI (TSE:GIB.A) (NYSE:GIB) has been given a C$135.00 price target by stock analysts at National Bank Financial in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 44.96% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group dropped their price objective on shares of CGI from C$150.00 to C$140.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Raymond James Financial dropped their target price on shares of CGI from C$168.00 to C$130.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Desjardins set a C$149.00 target price on shares of CGI and gave the company a “buy” rating in a research report on Wednesday, April 29th. TD dropped their target price on shares of CGI from C$153.00 to C$102.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Scotia lowered their price objective on shares of CGI from C$120.00 to C$110.00 and set a “sector perform” rating for the company in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$126.31.

CGI Stock Performance

Shares of GIB.A traded down C$0.36 during midday trading on Friday, reaching C$93.13. The stock had a trading volume of 179,171 shares, compared to its average volume of 685,820. The firm has a 50 day simple moving average of C$95.55 and a 200-day simple moving average of C$108.10. CGI has a one year low of C$83.34 and a one year high of C$150.00. The firm has a market cap of C$19.50 billion, a PE ratio of 12.16, a P/E/G ratio of 2.24 and a beta of 0.09. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 EPS for the quarter. The company had revenue of C$4.16 billion during the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. As a group, sell-side analysts anticipate that CGI will post 8.3679245 EPS for the current year.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.