CGI (TSE:GIB.A) Price Target Cut to C$163.00 by Analysts at Royal Bank of Canada

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective decreased by Royal Bank of Canada from C$170.00 to C$163.00 in a report issued on Thursday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on GIB.A. Scotiabank increased their price target on shares of CGI from C$155.00 to C$165.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Desjardins reduced their target price on shares of CGI from C$164.00 to C$162.00 and set a buy rating on the stock in a report on Wednesday, April 24th. Raymond James boosted their price target 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. Canaccord Genuity Group reduced their price objective on CGI from C$166.00 to C$160.00 and set a buy rating on the stock in a research note on Friday, April 26th. Finally, BMO Capital Markets boosted their target price on CGI from C$155.00 to C$170.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CGI currently has a consensus rating of Buy and a consensus target price of C$161.27.

CGI Price Performance

GIB.A stock opened at C$141.86 on Thursday. The business’s fifty day moving average price is C$149.43 and its 200 day moving average price is C$145.04. CGI has a 12-month low of C$127.73 and a 12-month high of C$160.40. The company has a market capitalization of C$29.27 billion, a PE ratio of 20.50, a P/E/G ratio of 1.48 and a beta of 0.80. 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 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.