CGI Inc (TSE:GIB.A) Receives C$161.27 Consensus Price Target from Brokerages

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$160.00.

GIB.A has been the topic of several analyst reports. BMO Capital Markets lowered their target price on shares of CGI from C$170.00 to C$160.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Canaccord Genuity Group cut their price target on CGI from C$166.00 to C$160.00 and set a “buy” rating for the company in a report on Friday, April 26th. Sanford C. Bernstein lifted their target price on shares of CGI from C$126.00 to C$127.00 in a research note on Thursday, May 2nd. CIBC downgraded shares of CGI from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$165.00 to C$151.00 in a report on Friday, June 21st. Finally, Royal Bank of Canada reduced their price objective on CGI from C$170.00 to C$163.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd.

CGI Trading Down 1.1 %

GIB.A opened at C$137.36 on Thursday. The company has a market cap of C$28.26 billion, a P/E ratio of 19.57, a PEG ratio of 1.48 and a beta of 0.81. The company has a debt-to-equity ratio of 34.26, a quick ratio of 0.97 and a current ratio of 1.17. CGI has a one year low of C$127.73 and a one year high of C$160.40. The business’s 50-day simple moving average is C$139.81 and its 200-day simple moving average is C$145.51.

CGI Company Profile

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.