CGI (TSE:GIB.A) Given New C$126.00 Price Target at Desjardins

CGI (TSE:GIB.A) (NYSE:GIB) had its target price lifted by equities research analysts at Desjardins from C$115.00 to C$126.00 in a research note issued on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s price target indicates a potential upside of 7.93% from the stock’s current price.

Several other analysts have also recently weighed in on GIB.A. TD upped their price objective on shares of CGI from C$118.00 to C$125.00 and gave the stock a “hold” rating in a research note on Thursday. Scotia lifted their target price on shares of CGI from C$95.00 to C$110.00 and gave the company a “sector perform” rating in a research note on Thursday. Royal Bank Of Canada lifted their target price on shares of CGI from C$100.00 to C$115.00 and gave the company a “sector perform” rating in a research note on Thursday. National Bank Financial boosted their target price on CGI from C$135.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Stifel Nicolaus increased their price target on CGI from C$120.00 to C$130.00 and gave the stock a “buy” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$128.85.

CGI Price Performance

Shares of GIB.A traded up C$1.13 during trading hours on Thursday, hitting C$116.74. The stock had a trading volume of 334,444 shares, compared to its average volume of 653,051. The stock has a market capitalization of C$24.17 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.24 and a beta of 0.29. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company’s fifty day moving average is C$104.56 and its two-hundred day moving average is C$100.25. CGI has a 52 week low of C$83.34 and a 52 week high of C$131.97.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings results on Wednesday, November 11th. The company reported C$2.31 earnings per share (EPS) for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The firm had revenue of C$4.15 billion during the quarter. On average, analysts anticipate that CGI will post 8.37 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 94,000 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.