CGI (TSE:GIB.A) PT Lowered to C$165.00 at CIBC

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective lowered by equities researchers at CIBC from C$169.00 to C$165.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 18.43% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of CGI from C$160.00 to C$170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Raymond James lifted their target price on shares of CGI from C$150.00 to C$167.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Desjardins decreased their price target on shares of CGI from C$164.00 to C$162.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Royal Bank of Canada decreased their price target on shares of CGI from C$170.00 to C$163.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Sanford C. Bernstein lifted their price target on shares of CGI from C$126.00 to C$127.00 in a research note on Thursday. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$161.27.

CGI Trading Up 1.9 %

Shares of TSE:GIB.A traded up C$2.62 during mid-day trading on Thursday, reaching C$139.32. 176,424 shares of the company’s stock were exchanged, compared to its average volume of 305,341. The firm has a market capitalization of C$28.75 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.48 and a beta of 0.80. The business’s fifty day moving average price is C$150.02 and its 200-day moving average price is C$144.89. The company has a debt-to-equity ratio of 34.93, a quick ratio of 0.97 and a current ratio of 1.11. CGI has a twelve month low of C$127.73 and a twelve month high of C$160.40.

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.