CGI (TSE:GIB.A) Price Target Cut to C$165.00 by Analysts at CIBC

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective cut by CIBC from C$169.00 to C$165.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts also recently issued reports about the company. Scotiabank raised their target price on CGI from C$155.00 to C$165.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Canaccord Genuity Group decreased their price objective on shares of CGI from C$166.00 to C$160.00 and set a buy rating for the company in a report on Friday, April 26th. BMO Capital Markets reduced their target price on CGI from C$170.00 to C$160.00 and set an outperform rating on the stock in a report on Thursday. Sanford C. Bernstein boosted their price objective on shares of CGI from C$126.00 to C$127.00 in a research report on Thursday. Finally, Stifel Nicolaus raised their target price on CGI from C$160.00 to C$170.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average target price of C$161.27.

CGI Price Performance

GIB.A opened at C$141.86 on Thursday. CGI has a twelve month low of C$127.73 and a twelve month high of C$160.40. The firm has a market cap of C$29.27 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.48 and a beta of 0.80. 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 company has a fifty day simple moving average of C$149.43 and a 200 day simple moving average of C$145.04.

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.