CGI (TSE:GIB.A) Price Target Cut to C$162.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price lowered by Desjardins from C$164.00 to C$162.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 15.02% from the company’s current price.

GIB.A has been the subject of a number of other research reports. Canaccord Genuity Group increased their price target on shares of CGI from C$152.00 to C$166.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Stifel Nicolaus raised their price objective on shares of CGI from C$160.00 to C$170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Scotiabank raised their price objective on shares of CGI from C$155.00 to C$165.00 and gave the stock an “outperform” rating in a research note 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 stock an “outperform” rating in a research note on Thursday, February 1st. Finally, TD Securities downgraded shares of CGI from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$170.00 to C$165.00 in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$166.27.

CGI Trading Down 2.0 %

Shares of CGI stock opened at C$140.84 on Wednesday. The firm has a market cap of C$29.06 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.48 and a beta of 0.80. The business has a 50-day moving average price of C$151.14 and a 200-day moving average price of C$144.73. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93. CGI has a twelve month low of C$127.73 and a twelve month high of C$160.40.

CGI Company Profile

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.