Raymond James Financial Lowers CGI (TSE:GIB.A) Price Target to C$168.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price cut by equities researchers at Raymond James Financial from C$178.00 to C$168.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Raymond James Financial’s target price points to a potential upside of 38.92% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. CIBC reduced their price target on shares of CGI from C$180.00 to C$149.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Desjardins cut their target price on CGI from C$169.00 to C$160.00 and set a “buy” rating on the stock in a research note on Tuesday. Royal Bank Of Canada reduced their target price on CGI from C$185.00 to C$175.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Finally, TD Securities lowered their price target on CGI from C$190.00 to C$145.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$166.90.

CGI Stock Up 1.0%

Shares of CGI stock opened at C$120.93 on Thursday. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The stock has a market capitalization of C$26.96 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 2.24 and a beta of 0.27. CGI has a 52-week low of C$118.54 and a 52-week high of C$175.35. The company has a 50-day simple moving average of C$125.90 and a two-hundred day simple moving average of C$136.22.

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.