CGI (TSE:GIB.A) Lifted to “Buy” at TD Securities

TD Securities upgraded shares of CGI (TSE:GIB.A) (NYSE:GIB) from a hold rating to a buy rating in a research note released on Thursday, BayStreet.CA reports. The brokerage currently has C$160.00 price objective on the stock, down from their prior price objective of C$165.00.

A number of other research firms also recently weighed in on GIB.A. Scotiabank raised their price target on CGI from C$155.00 to C$165.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Royal Bank of Canada cut their price objective on shares of CGI from C$170.00 to C$163.00 and set an outperform rating on the stock in a research report on Thursday. Raymond James boosted their target price on shares of CGI from C$150.00 to C$167.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Stifel Nicolaus increased their price target 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, CIBC lifted their price objective on shares of CGI from C$155.00 to C$169.00 and gave the company an outperform rating in a research note on Thursday, February 1st. 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 an average price target of C$161.27.

CGI Stock Up 1.6 %

GIB.A traded up C$2.18 during trading on Thursday, reaching C$141.86. 277,786 shares of the stock traded hands, compared to its average volume of 306,848. The stock’s 50-day simple moving average is C$149.73 and its two-hundred day simple moving average is C$144.85. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. CGI has a fifty-two week low of C$127.73 and a fifty-two week high of C$160.40. The stock has a market cap of C$29.27 billion, a price-to-earnings 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.