CIBC Has Lowered Expectations for CGI (TSE:GIB.A) Stock Price

CGI (TSE:GIB.A) (NYSE:GIB) had its price target reduced by stock analysts at CIBC from C$139.00 to C$132.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 13.11% from the company’s current price.

Several other equities analysts have also issued reports on the stock. Raymond James Financial reduced their price objective on shares of CGI from C$178.00 to C$168.00 in a research note on Thursday, November 6th. Royal Bank Of Canada dropped their target price on CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Sanford C. Bernstein upped their price objective on CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th. Scotiabank set a C$140.00 price objective on CGI and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Desjardins reduced their target price on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$147.67.

CGI Stock Up 1.0%

TSE:GIB.A opened at C$116.70 on Thursday. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. CGI has a 1-year low of C$113.60 and a 1-year high of C$174.58. The company has a 50-day moving average of C$125.64 and a 200 day moving average of C$127.39. The firm has a market cap of C$25.24 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.24 and a beta of 0.23.

CGI (TSE:GIB.A) (NYSE:GIB) last posted 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 business had revenue of C$4.08 billion for the quarter. As a group, research analysts anticipate that CGI will post 8.3679245 EPS 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.