CGI (TSE:GIB.A) Price Target Cut to C$102.00 by Analysts at TD

CGI (TSE:GIB.A) (NYSE:GIB) had its target price decreased by analysts at TD from C$153.00 to C$102.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price would suggest a potential upside of 15.90% from the stock’s current price.

A number of other research analysts have also recently commented on GIB.A. Canadian Imperial Bank of Commerce decreased their price target on CGI from C$132.00 to C$112.00 in a research report on Friday, April 17th. BMO Capital Markets decreased their price target on CGI from C$137.00 to C$122.00 and set an “outperform” rating on the stock in a research report on Monday. Sanford C. Bernstein decreased their price target on CGI from C$143.00 to C$141.00 in a research report on Thursday. Stifel Nicolaus decreased their price target on CGI from C$160.00 to C$128.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, TD Securities raised their price target on CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$127.46.

CGI Stock Performance

GIB.A stock traded down C$1.77 during trading hours on Thursday, hitting C$88.01. 701,989 shares of the stock were exchanged, compared to its average volume of 675,954. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The firm has a market capitalization of C$18.90 billion, a P/E ratio of 11.80, a P/E/G ratio of 2.24 and a beta of 0.09. The company has a 50-day simple moving average of C$100.31 and a two-hundred day simple moving average of C$114.39. CGI has a 12 month low of C$84.70 and a 12 month high of C$152.63.

CGI (TSE:GIB.A) (NYSE:GIB) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 earnings per share for the quarter. The firm had revenue of C$4.16 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. On average, analysts forecast that CGI will post 8.3679245 earnings per share for the current fiscal year.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.