CGI (TSE:GIB.A) Price Target Raised to C$125.00
CGI (TSE:GIB.A) (NYSE:GIB) had its price objective increased by analysts at Royal Bank of Canada from C$115.00 to C$125.00 in a report released on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 10.39% from the stock’s previous close.
GIB.A has been the subject of several other research reports. TD Securities increased their price target on shares of CGI from C$120.00 to C$130.00 and gave the company a “buy” rating in a research report on Friday, January 10th. BMO Capital Markets raised their target price on shares of CGI from C$117.00 to C$125.00 in a research report on Thursday. Finally, Raymond James reaffirmed an “outperform” rating and issued a C$114.00 target price on shares of CGI in a research report on Monday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$112.85.
GIB.A traded down C$0.31 during trading on Friday, hitting C$113.24. 190,667 shares of the stock traded hands, compared to its average volume of 766,117. The firm has a market capitalization of $27.20 billion and a P/E ratio of 24.89. The company has a debt-to-equity ratio of 34.15, a current ratio of 1.13 and a quick ratio of 0.93. The firm has a 50-day moving average of C$110.62 and a 200 day moving average of C$105.62. CGI has a 12-month low of C$84.41 and a 12-month high of C$114.06.
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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