TD Securities Forecasts Strong Price Appreciation for CGI (TSE:GIB.A) Stock

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by investment analysts at TD Securities from C$145.00 to C$153.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 31.11% from the company’s current price.

GIB.A has been the subject of a number of other research reports. Royal Bank Of Canada lowered their price target on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating for the company in a report on Monday, January 26th. Raymond James Financial decreased their target price on CGI from C$178.00 to C$168.00 in a research report on Thursday, November 6th. CIBC decreased their price target on shares of CGI from C$139.00 to C$132.00 in a report on Thursday. Desjardins set a C$157.00 price objective on CGI and gave the company a “buy” rating in a research report on Thursday. Finally, Scotiabank set a C$140.00 target price on shares of CGI and gave the stock a “sector perform” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$147.67.

CGI Price Performance

Shares of CGI stock opened at C$116.70 on Thursday. The stock has a market capitalization of C$25.24 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 2.24 and a beta of 0.23. The firm’s 50-day moving average price is C$125.64 and its two-hundred day moving average price is C$127.39. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. CGI has a 1-year low of C$113.60 and a 1-year high of C$174.58.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its earnings results on Wednesday, January 28th. The company reported C$2.12 EPS for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The business had revenue of C$4.08 billion for the quarter. On average, equities analysts predict that CGI will post 8.3679245 earnings per share for the current fiscal year.

More 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.

About CGI

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.