National Bankshares Increases CGI (TSE:GIB.A) Price Target to C$185.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price raised by National Bankshares from C$175.00 to C$185.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

Several other analysts also recently weighed in on GIB.A. Desjardins cut their price target on CGI from C$164.00 to C$162.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. TD Securities upgraded CGI from a hold rating to a buy rating and reduced their price target for the company from C$165.00 to C$160.00 in a report on Thursday, May 2nd. Royal Bank of Canada dropped their price target on shares of 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. BMO Capital Markets raised their price objective on shares of CGI from C$160.00 to C$170.00 and gave the company an outperform rating in a research note on Monday, July 29th. Finally, Sanford C. Bernstein raised their price target on shares of CGI from C$126.00 to C$127.00 in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$165.25.

CGI Trading Down 2.3 %

TSE:GIB.A opened at C$151.05 on Thursday. The firm has a market capitalization of C$31.08 billion, a P/E ratio of 21.55, a PEG ratio of 1.48 and a beta of 0.81. The company has a debt-to-equity ratio of 34.26, a current ratio of 1.17 and a quick ratio of 0.97. CGI has a one year low of C$129.00 and a one year high of C$160.40. The company’s 50-day simple moving average is C$141.26 and its 200 day simple moving average is C$146.05.

About CGI

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.