CGI (TSE:GIB.A) PT Lowered to C$163.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price reduced by equities research analysts at Royal Bank of Canada from C$170.00 to C$163.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 17.00% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Raymond James raised their price objective on shares of CGI from C$150.00 to C$167.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Scotiabank raised their price objective on shares of CGI from C$155.00 to C$165.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. BMO Capital Markets raised their price objective on shares of CGI from C$155.00 to C$170.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. CIBC raised 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 report on Thursday, February 1st. Finally, Desjardins lowered their price objective on shares of CGI from C$164.00 to C$162.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, CGI presently has a consensus rating of “Buy” and an average target price of C$161.27.

CGI Price Performance

TSE GIB.A traded up C$2.62 on Thursday, hitting C$139.32. The stock had a trading volume of 176,424 shares, compared to its average volume of 305,341. CGI has a 52-week low of C$127.73 and a 52-week high of C$160.40. The company has a debt-to-equity ratio of 34.93, a quick ratio of 0.97 and a current ratio of 1.11. The company has a market capitalization of C$28.75 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The firm has a 50-day moving average of C$150.02 and a 200-day moving average of 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.