CGI Inc (TSE:GIB.A) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$165.25.

A number of equities research analysts have issued reports on GIB.A shares. Sanford C. Bernstein increased their price target on CGI from C$127.00 to C$138.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Raymond James lifted their price target on shares of CGI from C$167.00 to C$171.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. BMO Capital Markets boosted their price target on shares of CGI from C$160.00 to C$170.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. CIBC raised their price objective on shares of CGI from C$151.00 to C$155.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada boosted their target price on shares of CGI from C$163.00 to C$170.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st.

CGI Trading Up 1.0 %

TSE GIB.A opened at C$147.09 on Friday. The company has a debt-to-equity ratio of 34.26, a quick ratio of 0.97 and a current ratio of 1.17. The firm has a market cap of C$30.26 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.48 and a beta of 0.81. The firm has a 50 day simple moving average of C$142.57 and a 200-day simple moving average of C$146.07. CGI has a one year low of C$129.00 and a one year high of C$160.40.

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.