TD Securities Upgrades CGI (TSE:GIB.A) to Buy

CGI (TSE:GIB.A) (NYSE:GIB) was upgraded by TD Securities from a “hold” rating to a “buy” rating in a report released on Thursday, BayStreet.CA reports. The firm presently has a C$160.00 price objective on the stock, down from their prior price objective of C$165.00. TD Securities’ price target suggests a potential upside of 14.84% from the company’s previous close.

Several other brokerages have also weighed in on GIB.A. Raymond James increased 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. Scotiabank increased their target price on shares of CGI from C$155.00 to C$165.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Royal Bank of Canada lowered their target price 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. Desjardins reduced their price target on shares of CGI from C$164.00 to C$162.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, Canaccord Genuity Group reduced their price target on shares of CGI from C$166.00 to C$160.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, CGI has a consensus rating of “Buy” and a consensus target price of C$161.27.

CGI Trading Up 1.9 %

Shares of GIB.A traded up C$2.62 during mid-day trading on Thursday, reaching C$139.32. The stock had a trading volume of 176,424 shares, compared to its average volume of 305,341. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. CGI has a 52-week low of C$127.73 and a 52-week high of C$160.40. The business’s fifty day moving average is C$150.02 and its 200 day moving average is C$144.89. The firm has a market cap of C$28.75 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.48 and a beta of 0.80.

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.