CGI (TSE:GIB.A) Given New C$175.00 Price Target at Canaccord Genuity Group

CGI (TSE:GIB.A) (NYSE:GIB) had its price target increased by equities researchers at Canaccord Genuity Group from C$170.00 to C$175.00 in a research report issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 12.39% from the stock’s current price.

Other analysts have also recently issued reports about the company. Royal Bank of Canada raised their price target on CGI from C$170.00 to C$178.00 in a report on Thursday. Raymond James increased their price objective on CGI from C$167.00 to C$171.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Sanford C. Bernstein upped their price target 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. National Bankshares increased their price target on shares of CGI from C$175.00 to C$185.00 in a report on Thursday, August 1st. Finally, Stifel Nicolaus boosted their price objective on shares of CGI from C$170.00 to C$180.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$169.83.

CGI Stock Down 0.8 %

Shares of TSE GIB.A traded down C$1.27 during mid-day trading on Thursday, reaching C$155.71. The company had a trading volume of 98,940 shares, compared to its average volume of 328,642. CGI has a 52-week low of C$132.06 and a 52-week high of C$160.75. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The stock has a market cap of C$31.73 billion, a P/E ratio of 21.78, a PEG ratio of 2.24 and a beta of 0.86. The firm has a 50 day simple moving average of C$154.96 and a two-hundred day simple moving average of C$146.64.

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.