CGI (TSE:GIB.A) Given New C$162.00 Price Target at Desjardins

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective lowered by Desjardins from C$164.00 to C$162.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

GIB.A has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of CGI from C$155.00 to C$170.00 and gave the company an outperform rating in a report on Thursday, February 1st. CIBC upped their price objective on shares of CGI from C$155.00 to C$169.00 and gave the company an outperform rating in a report on Thursday, February 1st. Raymond James upped their price objective on shares of CGI from C$150.00 to C$167.00 and gave the company an outperform rating in a report on Thursday, February 1st. Royal Bank of Canada upped their price objective on shares of CGI from C$155.00 to C$170.00 and gave the company an outperform rating in a report on Thursday, February 1st. Finally, TD Securities lowered shares of CGI from a buy rating to a hold rating and lowered their target price for the stock from C$170.00 to C$165.00 in a research note on Friday, March 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, CGI currently has a consensus rating of Moderate Buy and an average target price of C$166.27.

CGI Trading Down 0.1 %

Shares of GIB.A opened at C$143.73 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 34.93. CGI has a 12-month low of C$127.73 and a 12-month high of C$160.40. The firm has a 50-day moving average price of C$151.44 and a 200 day moving average price of C$144.76. The firm has a market capitalization of C$29.66 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.48 and a beta of 0.80.

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.