CGI (NYSE:GIB) Hits New 1-Year High at $83.64
CGI Inc (NYSE:GIB) (TSE:GIB.A)’s share price reached a new 52-week high on Monday . The stock traded as high as $83.64 and last traded at $83.32, with a volume of 127168 shares changing hands. The stock had previously closed at $83.14.
GIB has been the topic of several research reports. ValuEngine lowered CGI from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Barclays initiated coverage on CGI in a report on Friday, September 20th. They issued an “overweight” rating and a $90.00 target price on the stock. Raymond James set a $110.00 target price on CGI and gave the company a “buy” rating in a report on Monday, October 21st. CIBC reissued a “hold” rating and issued a $106.00 target price on shares of CGI in a report on Thursday, November 7th. Finally, Zacks Investment Research lowered CGI from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $95.60.
The company has a debt-to-equity ratio of 0.32, a current ratio of 1.13 and a quick ratio of 0.75. The company has a 50-day moving average price of $79.90 and a 200-day moving average price of $77.66. The firm has a market capitalization of $22.19 billion, a PE ratio of 23.53, a P/E/G ratio of 2.25 and a beta of 0.53.
Large investors have recently modified their holdings of the company. CWM LLC lifted its position in shares of CGI by 182.3% in the third quarter. CWM LLC now owns 367 shares of the technology company’s stock valued at $29,000 after acquiring an additional 237 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of CGI by 30.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 560 shares of the technology company’s stock valued at $43,000 after acquiring an additional 130 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of CGI by 100.0% in the third quarter. Parallel Advisors LLC now owns 866 shares of the technology company’s stock valued at $69,000 after acquiring an additional 433 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in shares of CGI in the second quarter valued at $76,000. Finally, Marshall Wace LLP purchased a new stake in shares of CGI in the first quarter valued at $110,000. Institutional investors and hedge funds own 55.69% of the company’s stock.
CGI Company Profile (NYSE:GIB)
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.
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