CGI (TSE:GIB.A) Stock Rating Upgraded by TD Securities

CGI (TSE:GIB.A) (NYSE:GIB) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a C$160.00 target price on the stock, down from their prior target price of C$165.00. TD Securities’ price objective indicates a potential upside of 12.79% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Raymond James upped their price target on CGI from C$150.00 to C$167.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Sanford C. Bernstein increased their target price on CGI from C$126.00 to C$127.00 in a research report on Thursday. 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 report on Wednesday, April 24th. Royal Bank of Canada lowered their target price on CGI from C$170.00 to C$163.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, BMO Capital Markets increased their target price on CGI from C$155.00 to C$170.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$161.27.

CGI Trading Up 1.6 %

GIB.A stock opened at C$141.86 on Thursday. CGI has a 1-year low of C$127.73 and a 1-year high of C$160.40. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. The company has a market capitalization 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 business has a 50 day simple moving average of C$149.73 and a two-hundred day simple moving average of C$144.85.

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.