CGI (TSE:GIB.A) Given New C$149.00 Price Target at Desjardins

CGI (TSE:GIB.A) (NYSE:GIB) had its target price lowered by equities research analysts at Desjardins from C$157.00 to C$149.00 in a report issued on Tuesday,BayStreet.CA reports. Desjardins’ price objective points to a potential upside of 41.77% from the company’s current price.

A number of other brokerages have also recently weighed in on GIB.A. Royal Bank Of Canada dropped their price objective on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating for the company in a report on Monday, January 26th. BMO Capital Markets dropped their price objective on shares of CGI from C$145.00 to C$137.00 in a report on Thursday, January 29th. TD Securities lifted their price objective on shares of CGI from C$145.00 to C$153.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Canadian Imperial Bank of Commerce dropped their price objective on shares of CGI from C$132.00 to C$112.00 in a report on Friday. Finally, Scotiabank set a C$140.00 price target on CGI and gave the company a “sector perform” rating in a research report on Tuesday, January 27th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$144.56.

CGI Trading Up 0.0%

Shares of GIB.A traded up C$0.03 during trading on Tuesday, reaching C$105.10. 242,086 shares of the company traded hands, compared to its average volume of 662,056. CGI has a twelve month low of C$95.84 and a twelve month high of C$152.63. The stock has a market cap of C$22.57 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 2.24 and a beta of 0.09. The stock has a 50-day simple moving average of C$100.70 and a 200-day simple moving average of C$115.62. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings results on Wednesday, January 28th. The company reported C$2.12 earnings per share for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The business had revenue of C$4.08 billion during the quarter. On average, analysts anticipate that CGI will post 8.3679245 earnings per share for the current year.

About CGI

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. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.