Analysts Set CGI Inc (TSE:GIB.A) PT at C$161.27

Shares of CGI Inc (TSE:GIB.AGet Free Report) (NYSE:GIB) have received an average rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$160.00.

A number of equities research analysts recently weighed in on GIB.A shares. Canaccord Genuity Group dropped their price target on CGI from C$166.00 to C$160.00 and set a “buy” rating for the company in a report on Friday, April 26th. Sanford C. Bernstein boosted their target price on shares of CGI from C$126.00 to C$127.00 in a research note on Thursday, May 2nd. BMO Capital Markets lowered their price target on shares of CGI from C$170.00 to C$160.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Royal Bank of Canada reduced their price objective on CGI from C$170.00 to C$163.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Finally, Desjardins lowered their target price on CGI from C$164.00 to C$162.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th.

Read Our Latest Analysis on CGI

CGI Stock Performance

CGI stock opened at C$136.08 on Thursday. The firm has a market capitalization of C$28.00 billion, a P/E ratio of 19.41, a P/E/G ratio of 1.48 and a beta of 0.81. The stock has a fifty day moving average price of C$139.89 and a two-hundred day moving average price of C$145.53. 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 34.26, a current ratio of 1.17 and a quick ratio of 0.97.

About CGI

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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.

Further Reading

Analyst Recommendations for CGI (TSE:GIB.A)

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