CGI (TSE:GIB.A) Given New C$180.00 Price Target at Canaccord Genuity Group

CGI (TSE:GIB.A) (NYSE:GIB) had its price target dropped by Canaccord Genuity Group from C$190.00 to C$180.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 24.30% from the company’s current price.

Several other brokerages have also issued reports on GIB.A. CIBC boosted their price target on shares of CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Raymond James increased their price objective on shares of CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada dropped their target price on CGI from C$192.00 to C$185.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus raised their price target on CGI from C$180.00 to C$185.00 in a report on Thursday, January 30th. Finally, Scotiabank dropped their price objective on CGI from C$185.00 to C$175.00 and set an “outperform” rating for the company in a report on Tuesday. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$175.85.

CGI Trading Up 0.2 %

Shares of CGI stock opened at C$144.81 on Thursday. 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 company has a market cap of C$29.51 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.24 and a beta of 0.86. The company’s fifty day simple moving average is C$145.49 and its 200-day simple moving average is C$154.96. CGI has a 1 year low of C$132.06 and a 1 year high of C$175.35.

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.