CGI (TSE:GIB.A) Given New C$135.00 Price Target at National Bank Financial

CGI (TSE:GIB.A) (NYSE:GIB) had its price target dropped by research analysts at National Bank Financial from C$150.00 to C$135.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 45.30% from the company’s previous close.

Other analysts also recently issued reports about the stock. Scotiabank cut their price objective on shares of CGI from C$140.00 to C$120.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. Canaccord Genuity Group dropped their price target on shares of CGI from C$150.00 to C$140.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada downgraded shares of CGI from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$150.00 to C$100.00 in a research report on Thursday, April 30th. Sanford C. Bernstein dropped their price target on shares of CGI from C$143.00 to C$141.00 in a research report on Thursday, April 30th. Finally, Desjardins set a C$149.00 price target on shares of CGI and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, CGI currently has an average rating of “Moderate Buy” and a consensus price target of C$126.31.

CGI Stock Performance

TSE:GIB.A traded up C$0.52 during mid-day trading on Wednesday, hitting C$92.91. The stock had a trading volume of 267,184 shares, compared to its average volume of 681,985. The stock has a market capitalization of C$19.46 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 2.24 and a beta of 0.08. The company has a 50 day simple moving average of C$96.88 and a 200-day simple moving average of C$110.41. CGI has a 52 week low of C$83.34 and a 52 week high of C$150.03. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 earnings per share for the quarter. The firm had revenue of C$4.16 billion for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. On average, research analysts expect that CGI will post 8.3679245 earnings per share for the current fiscal year.

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. 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.