Royal Bank Of Canada Lowers CGI (TSE:GIB.A) Price Target to C$150.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target cut by stock analysts at Royal Bank Of Canada from C$165.00 to C$150.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 25.05% from the stock’s current price.

A number of other research firms also recently commented on GIB.A. Sanford C. Bernstein increased their target price on CGI from C$137.00 to C$142.00 in a research report on Thursday, November 6th. Desjardins decreased their target price on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. TD Securities dropped their price target on CGI from C$190.00 to C$145.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. CIBC cut CGI from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$146.00 to C$139.00 in a research note on Monday, December 15th. Finally, Raymond James Financial dropped their target price on CGI from C$178.00 to C$168.00 in a report on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$159.90.

CGI Stock Down 2.0%

Shares of GIB.A stock opened at C$119.95 on Monday. The company’s fifty day simple moving average is C$125.98 and its two-hundred day simple moving average is C$127.70. CGI has a 52 week low of C$117.71 and a 52 week high of C$175.35. The stock has a market cap of C$25.94 billion, a P/E ratio of 16.32, a PEG ratio of 2.24 and a beta of 0.23. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its earnings results on Wednesday, November 5th. The company reported C$2.13 earnings per share (EPS) for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The firm had revenue of C$4.01 billion for the quarter. Analysts predict that CGI will post 8.3679245 EPS for the current fiscal year.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.