Analysts Set CGI Inc (TSE:GIB.A) PT at C$167.17

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given a consensus recommendation of “Buy” by the eleven ratings firms that are presently covering the firm, MarketBeat reports. Eleven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$167.17.

Several equities research analysts recently weighed in on GIB.A shares. Jefferies Financial Group increased their target price on CGI from C$121.00 to C$132.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Raymond James increased their price objective on CGI from C$167.00 to C$171.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Scotiabank lifted their target price on shares of CGI from C$160.00 to C$170.00 in a research note on Friday, August 2nd. CIBC upgraded shares of CGI from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$155.00 to C$178.00 in a report on Tuesday, October 15th. Finally, Royal Bank of Canada raised their price target on shares of CGI from C$163.00 to C$170.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st.

CGI Price Performance

CGI has a 52 week low of C$129.00 and a 52 week high of C$160.75. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The stock has a 50-day moving average price of C$153.73 and a 200 day moving average price of C$146.14. The stock has a market capitalization of C$32.05 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 2.24 and a beta of 0.86.

About CGI

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.