CGI (TSE:GIB.A) (NYSE:GIB) had its price target increased by TD Securities from C$110.00 to C$115.00 in a report published on Thursday, August 1st, Stock Target Advisor reports. The firm currently has a buy rating on the stock.
A number of other research firms have also recently commented on GIB.A. CIBC lifted their price target on shares of CGI from C$101.00 to C$106.00 in a report on Friday, July 26th. Royal Bank of Canada upped their target price on shares of CGI from C$100.00 to C$108.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. Raymond James reiterated an outperform rating and issued a C$110.00 target price on shares of CGI in a research report on Thursday, August 1st. National Bank Financial upped their target price on shares of CGI from C$100.00 to C$120.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. Finally, Eight Capital upped their target price on shares of CGI from C$98.00 to C$106.00 in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of C$108.15.
Shares of CGI stock traded down C$2.12 during mid-day trading on Thursday, hitting C$101.78. 434,794 shares of the stock were exchanged, compared to its average volume of 766,117. CGI has a 12 month low of C$75.54 and a 12 month high of C$106.11. The company has a 50-day simple moving average of C$102.62 and a 200 day simple moving average of C$96.49. The company has a debt-to-equity ratio of 38.85, a quick ratio of 0.89 and a current ratio of 1.09. The company has a market capitalization of $24.60 billion and a P/E ratio of 23.19.
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.
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