CGI (TSE:GIB.A) Given New C$190.00 Price Target at Desjardins

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by analysts at Desjardins from C$178.00 to C$190.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 9.12% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group upped their price target on shares of CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Stifel Nicolaus boosted their price objective on CGI from C$180.00 to C$185.00 in a research note on Thursday. BMO Capital Markets lifted their price target on CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Thursday. CIBC increased their price objective on CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Canaccord Genuity Group raised their price objective on CGI from C$175.00 to C$190.00 and gave the company a “buy” rating in a report on Thursday. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$178.31.

CGI Price Performance

TSE GIB.A traded up C$8.55 on Thursday, hitting C$174.12. The company had a trading volume of 157,411 shares, compared to its average volume of 301,690. 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 company has a market capitalization of C$35.48 billion, a PE ratio of 24.35, a PEG ratio of 2.24 and a beta of 0.86. CGI has a 12-month low of C$132.06 and a 12-month high of C$174.87. The company’s fifty day moving average price is C$157.88 and its 200-day moving average price is C$153.67.

About CGI

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.