CGI (TSE:GIB.A) Price Target Raised to C$126.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target increased by Desjardins from C$115.00 to C$126.00 in a report published on Thursday,BayStreet reports. Desjardins currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Scotia boosted their price target on shares of CGI from C$95.00 to C$110.00 and gave the company a “sector perform” rating in a research report on Thursday. Royal Bank Of Canada increased their price target on shares of CGI from C$100.00 to C$115.00 and gave the stock a “sector perform” rating in a research note on Thursday. Canadian Imperial Bank of Commerce raised their price objective on shares of CGI from C$107.00 to C$108.00 in a report on Thursday, July 30th. National Bank Financial lifted their price objective on CGI from C$135.00 to C$145.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TD upped their target price on CGI from C$118.00 to C$125.00 and gave the stock a “hold” rating in a report on Thursday. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$128.85.

CGI Trading Up 0.0%

TSE:GIB.A traded up C$0.02 during trading hours on Thursday, hitting C$116.83. The company had a trading volume of 563,400 shares, compared to its average volume of 654,333. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The stock has a 50-day moving average price of C$105.15 and a 200 day moving average price of C$100.20. The company has a market capitalization of C$24.19 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 2.24 and a beta of 0.29. CGI has a 52 week low of C$83.34 and a 52 week high of C$131.97.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings data on Wednesday, November 11th. The company reported C$2.31 EPS for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The business had revenue of C$4.15 billion during the quarter. On average, equities research analysts predict that CGI will post 8.37 EPS for the current fiscal year.

More CGI News

Here’s some of the latest news about GIB.A:

• Positive Sentiment: Several firms raised their targets and maintained positive ratings: National Bank Financial lifted its target to C$145 with an outperform rating; BMO raised its target to C$132 and kept outperform; Stifel Nicolaus raised its target to C$130 and kept buy; and Desjardins raised its target to C$126 and kept buy. TD also raised its target to C$125, while maintaining hold. National Bank Financial target BMO target Stifel target Desjardins target TD target
• Positive Sentiment: Stifel Nicolaus reiterated its buy rating in the latest report, following its target increase to C$130. Stifel Nicolaus remains a buy on CGI
• Positive Sentiment: CGI reported C$2.31 in quarterly EPS and C$4.15 billion in revenue. Its earnings-call coverage highlighted growth, AI momentum and expansion, which may reinforce investor confidence in its growth prospects; the supplied reports do not state whether results beat expectations. Earnings call highlights Q4 earnings call transcript

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 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.