CGI (TSE:GIB.A) Raised to “Buy” at TD Securities

TD Securities upgraded shares of CGI (TSE:GIB.A) (NYSE:GIB) from a hold rating to a buy rating in a research report report published on Thursday, BayStreet.CA reports. TD Securities currently has C$160.00 price objective on the stock, down from their prior price objective of C$165.00.

Several other analysts have also weighed in on GIB.A. BMO Capital Markets lifted their target price on shares of CGI from C$155.00 to C$170.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Stifel Nicolaus upped their price objective on CGI from C$160.00 to C$170.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Canaccord Genuity Group dropped their target price on CGI from C$166.00 to C$160.00 and set a buy rating for the company in a report on Friday, April 26th. Desjardins decreased their price target on CGI from C$164.00 to C$162.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. Finally, Sanford C. Bernstein increased their price objective on CGI from C$126.00 to C$127.00 in a research note on Thursday. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of C$161.27.

CGI Stock Performance

Shares of TSE GIB.A opened at C$141.86 on Thursday. The firm has a market capitalization of C$29.27 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.48 and a beta of 0.80. CGI has a one year low of C$127.73 and a one year high of C$160.40. The business has a fifty day simple moving average of C$149.43 and a 200 day simple moving average of C$144.90. 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.