CGI (TSE:GIB.A) PT Set at C$157.00 by Desjardins

CGI (TSE:GIB.A) (NYSE:GIB) received a C$157.00 price target from equities researchers at Desjardins in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 34.53% from the stock’s previous close.

A number of other equities research analysts have also weighed in on GIB.A. Sanford C. Bernstein lifted their price objective on CGI from C$137.00 to C$142.00 in a report on Thursday, November 6th. CIBC decreased their price target on CGI from C$139.00 to C$132.00 in a research note on Thursday. Scotiabank set a C$140.00 price objective on CGI and gave the stock a “sector perform” rating in a research report on Tuesday. BMO Capital Markets reduced their target price on CGI from C$145.00 to C$137.00 in a report on Thursday. Finally, TD Securities decreased their target price on shares of CGI from C$190.00 to C$145.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, CGI presently has a consensus rating of “Moderate Buy” and a consensus target price of C$147.67.

CGI Trading Up 1.0%

TSE:GIB.A opened at C$116.70 on Thursday. CGI has a 12-month low of C$113.60 and a 12-month high of C$174.58. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The stock’s 50 day simple moving average is C$125.64 and its 200-day simple moving average is C$127.39. The firm has a market cap of C$25.24 billion, a P/E ratio of 15.88, a PEG ratio of 2.24 and a beta of 0.23.

CGI (TSE:GIB.A) (NYSE:GIB) last released its earnings results on Wednesday, January 28th. The company reported C$2.12 EPS for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The company had revenue of C$4.08 billion during the quarter. Equities analysts anticipate that CGI will post 8.3679245 EPS for the current year.

Key CGI News

Here are the key news stories impacting CGI this week:

• Positive Sentiment: TD Securities raised its price target to C$153 and kept a “buy” rating, increasing visible upside and likely supporting buying interest. Read More. Read More.
• Positive Sentiment: Desjardins initiated/issued a new C$157 price target with a “buy” rating, representing a material premium to the current price and bolstering bullish analyst coverage. Read More.
• Positive Sentiment: Canaccord Genuity moved its target to C$150 and retained a “buy” rating, signaling continued confidence from a major shop despite a modest cut. Read More.
• Positive Sentiment: Scotiabank set a C$140 target, adding another analyst reference point above the current price that can support demand from value-oriented investors. Read More.
• Negative Sentiment: BMO Capital Markets lowered its target from C$145 to C$137, a cut that tempers upside expectations and may reduce conviction among more cautious holders. Read More.
• Negative Sentiment: CIBC trimmed its price target from C$139 to C$132, another downward revision that offsets some of the positive analyst noise. Read More.
• Negative Sentiment: A recent Yahoo Finance piece highlights a ~29% one‑year share decline and frames CGI as a potential “value” opportunity — a signal that sentiment has been weak and some investors may remain cautious despite analyst buy calls. Read More.

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.