Sanford C. Bernstein Increases CGI (TSE:GIB.A) Price Target to C$127.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target raised by stock analysts at Sanford C. Bernstein from C$126.00 to C$127.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Sanford C. Bernstein’s price objective would indicate a potential downside of 10.48% from the stock’s previous close.

Several other equities research analysts also recently commented on GIB.A. Royal Bank of Canada boosted their target price on CGI from C$155.00 to C$170.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Canaccord Genuity Group cut their price target on shares of CGI from C$166.00 to C$160.00 and set a “buy” rating on the stock in a report on Friday, April 26th. 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 report on Tuesday, January 30th. TD Securities cut CGI from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$170.00 to C$165.00 in a research note on Friday, March 22nd. Finally, Raymond James increased their price objective on CGI from C$150.00 to C$167.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$161.27.

CGI Price Performance

Shares of GIB.A opened at C$141.86 on Thursday. CGI has a fifty-two week low of C$127.73 and a fifty-two week high of C$160.40. The firm’s 50-day simple moving average is C$149.73 and its two-hundred day simple moving average is C$144.85. The stock has a market cap of C$29.27 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The company has a debt-to-equity ratio of 34.93, a quick ratio of 0.97 and a current ratio of 1.11.

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.