CGI (TSE:GIB.A) PT Lowered to C$160.00 at BMO Capital Markets

CGI (TSE:GIB.A) (NYSE:GIB) had its price target lowered by investment analysts at BMO Capital Markets from C$170.00 to C$160.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 14.84% from the company’s current price.

Several other equities analysts have also recently weighed in on GIB.A. CIBC lifted their price target on CGI from C$155.00 to C$169.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Royal Bank of Canada reduced their price target on CGI from C$170.00 to C$163.00 and set an “outperform” rating for the company in a research report on Thursday. Desjardins reduced their target price on CGI from C$164.00 to C$162.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Raymond James boosted their target price on CGI from C$150.00 to C$167.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Sanford C. Bernstein boosted their target price on CGI from C$126.00 to C$127.00 in a research report on Thursday. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, CGI currently has an average rating of “Buy” and an average target price of C$161.27.

CGI Stock Performance

Shares of TSE GIB.A traded up C$2.62 during mid-day trading on Thursday, hitting C$139.32. The company had a trading volume of 176,424 shares, compared to its average volume of 305,341. The company has a market capitalization of C$28.75 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.48 and a beta of 0.80. CGI has a 1 year low of C$127.73 and a 1 year high of C$160.40. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 34.93. The stock’s 50-day moving average price is C$150.02 and its 200-day moving average price is C$144.89.

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.