Brokerages Set CGI Inc (TSE:GIB.A) Target Price at C$167.30

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given an average recommendation of “Buy” by the ten ratings firms that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$161.27.

GIB.A has been the subject of a number of research reports. Stifel Nicolaus upped their price target on shares of CGI from C$160.00 to C$170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. 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. BMO Capital Markets dropped their target price on CGI from C$170.00 to C$160.00 and set an “outperform” rating on the stock in a research report on Thursday. Royal Bank of Canada cut their price target on CGI from C$170.00 to C$163.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, CIBC decreased their price objective on CGI from C$169.00 to C$165.00 and set an “outperform” rating for the company in a report on Thursday.

CGI Trading Up 1.6 %

Shares of GIB.A opened at C$141.86 on Wednesday. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. The firm has a 50 day simple moving average of C$149.73 and a 200-day simple moving average of C$144.85. The stock has a market cap of C$29.27 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. CGI has a 1-year low of C$127.73 and a 1-year 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.