CGI (TSE:GIB.A) Stock Price Expected to Rise, Desjardins Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its target price raised by stock analysts at Desjardins from C$117.00 to C$118.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 14.80% from the company’s previous close.

Other analysts have also issued reports about the stock. Scotia lowered their price objective on shares of CGI from C$120.00 to C$110.00 and set a “sector perform” rating for the company in a research note on Thursday, April 30th. Raymond James Financial cut their target price on shares of CGI from C$168.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. BMO Capital Markets lowered their price target on shares of CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. TD increased their price objective on shares of CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Canaccord Genuity Group reduced their price objective on shares of CGI from C$150.00 to C$140.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$124.23.

CGI Trading Down 2.1%

GIB.A traded down C$2.22 during trading on Thursday, hitting C$102.79. 318,090 shares of the stock were exchanged, compared to its average volume of 676,467. The firm has a 50 day simple moving average of C$93.40 and a 200 day simple moving average of C$100.17. The firm has a market cap of C$21.53 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 2.24 and a beta of 0.13. CGI has a 1 year low of C$83.34 and a 1 year high of C$135.39. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its earnings results on Wednesday, July 29th. The company reported C$2.29 earnings per share for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The business had revenue of C$4.19 billion during the quarter. As a group, equities analysts expect that CGI will post 8.3679245 EPS for the current year.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 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.