Sanford C. Bernstein Issues Positive Forecast for CGI (TSE:GIB.A) Stock Price

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective hoisted by equities researchers at Sanford C. Bernstein from C$137.00 to C$142.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Sanford C. Bernstein’s price target points to a potential upside of 18.48% from the company’s previous close.

Several other brokerages also recently commented on GIB.A. Raymond James Financial lowered their target price on shares of CGI from C$178.00 to C$168.00 in a report on Thursday. TD Securities lowered their target price on shares of CGI from C$190.00 to C$145.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Desjardins lowered their target price on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating for the company in a report on Tuesday. CIBC lowered their target price on shares of CGI from C$180.00 to C$149.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada lowered their target price on shares of CGI from C$185.00 to C$175.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CGI has an average rating of “Buy” and an average target price of C$167.64.

CGI Stock Down 5.1%

GIB.A traded down C$6.43 during trading on Thursday, hitting C$119.85. 355,406 shares of the company’s stock were exchanged, compared to its average volume of 444,808. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The business’s 50 day moving average is C$126.40 and its two-hundred day moving average is C$136.49. CGI has a fifty-two week low of C$119.33 and a fifty-two week high of C$175.35. The stock has a market cap of C$26.72 billion, a P/E ratio of 15.87, a PEG ratio of 2.24 and a beta of 0.27.

CGI Company Profile

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.