CGI (TSE:GIB.A) Given New C$185.00 Price Target at Scotiabank

CGI (TSE:GIB.A) (NYSE:GIB) had its target price boosted by investment analysts at Scotiabank from C$170.00 to C$185.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 6.25% from the company’s previous close.

Several other equities research analysts also recently weighed in on GIB.A. Royal Bank of Canada upped their price target on CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a report on Thursday. CIBC upped their target price on shares of CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James raised their target price on shares of CGI from C$180.00 to C$183.00 and gave the company an “outperform” rating in a report on Thursday. Desjardins boosted their price target on shares of CGI from C$178.00 to C$190.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus raised their price objective on shares of CGI from C$180.00 to C$185.00 in a report on Thursday. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CGI presently has a consensus rating of “Buy” and an average price target of C$178.31.

CGI Stock Up 5.2 %

Shares of TSE:GIB.A traded up C$8.55 during trading on Thursday, hitting C$174.12. The company’s stock had a trading volume of 157,411 shares, compared to its average volume of 301,690. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$174.87. The business has a 50 day moving average price of C$157.88 and a two-hundred day moving average price of C$153.67. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The company has a market capitalization of C$35.48 billion, a PE ratio of 24.35, a P/E/G ratio of 2.24 and a beta of 0.86.

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.