CGI Inc (TSE:GIB.A) Receives C$165.25 Average Price Target from Brokerages

CGI Inc (TSE:GIB.A) (NYSE:GIB) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$165.25.

GIB.A has been the topic of a number of analyst reports. CIBC upped their price target on CGI from C$151.00 to C$155.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Desjardins lifted their price target on shares of CGI from C$166.00 to C$172.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Sanford C. Bernstein upped their price objective on shares of CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Scotiabank lifted their target price on shares of CGI from C$160.00 to C$170.00 in a research note on Friday, August 2nd. Finally, Stifel Nicolaus increased their price target on CGI from C$170.00 to C$180.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

CGI Stock Up 1.0 %

TSE GIB.A opened at C$153.56 on Tuesday. CGI has a 1-year low of C$129.00 and a 1-year high of C$160.40. The company has a market capitalization of C$31.29 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.48 and a beta of 0.86. The stock’s 50 day moving average is C$146.90 and its two-hundred day moving average is C$145.89. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.

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.