BMO Capital Markets Increases CGI (TSE:GIB.A) Price Target to C$190.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target upped by analysts at BMO Capital Markets from C$177.00 to C$190.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 9.12% from the company’s current price.

GIB.A has been the topic of a number of other research reports. CIBC upped their price objective on CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada increased their price target on CGI from C$170.00 to C$178.00 in a research report on Thursday, November 7th. Canaccord Genuity Group boosted their price objective on CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday. Canaccord Genuity Group raised their target price on shares of CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Finally, Raymond James boosted their price target on shares of CGI from C$171.00 to C$180.00 in a report on Thursday, November 7th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CGI has a consensus rating of “Buy” and a consensus target price of C$178.31.

CGI Trading Up 5.2 %

TSE GIB.A traded up C$8.55 during trading on Thursday, hitting C$174.12. The stock had a trading volume of 157,411 shares, compared to its average volume of 301,690. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The company has a market capitalization of C$35.48 billion, a PE ratio of 24.35, a PEG ratio of 2.24 and a beta of 0.86. The firm has a 50 day moving average price of C$157.88 and a 200 day moving average price of C$153.67. CGI has a twelve month low of C$132.06 and a twelve month high of C$174.87.

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.