CGI (TSE:GIB.A) Given New C$150.00 Price Target at Canaccord Genuity Group

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective cut by research analysts at Canaccord Genuity Group from C$155.00 to C$150.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 28.64% from the company’s previous close.

GIB.A has been the topic of several other reports. TD Securities increased their price target on shares of CGI from C$145.00 to C$153.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank Of Canada reduced their price objective on CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a report on Monday. Desjardins set a C$157.00 price objective on CGI and gave the company a “buy” rating in a research report on Thursday. Raymond James Financial dropped their target price on CGI from C$178.00 to C$168.00 in a research report on Thursday, November 6th. Finally, BMO Capital Markets cut their price target on CGI from C$145.00 to C$137.00 in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$151.40.

CGI Price Performance

CGI stock traded down C$0.49 on Thursday, reaching C$116.60. The company’s stock had a trading volume of 544,511 shares, compared to its average volume of 524,447. CGI has a twelve month low of C$113.60 and a twelve month high of C$175.35. The company has a market cap of C$25.22 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.24 and a beta of 0.23. 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 business’s fifty day moving average price is C$125.89 and its 200 day moving average price is C$127.63.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings results on Wednesday, January 28th. The company reported C$2.12 earnings per share (EPS) for the quarter. The business had revenue of C$4.08 billion during the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. Equities analysts expect that CGI will post 8.3679245 earnings per share for the current fiscal year.

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.