BMO Capital Markets Trims CGI (TSE:GIB.A) Target Price to C$160.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective decreased by BMO Capital Markets from C$170.00 to C$160.00 in a research report report published on Thursday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other brokerages have also issued reports on GIB.A. Stifel Nicolaus upped their target price on shares of CGI from C$160.00 to C$170.00 and gave the stock a buy rating in a research report on Tuesday, January 30th. Sanford C. Bernstein upped their price objective on CGI from C$126.00 to C$127.00 in a report on Thursday. Royal Bank of Canada decreased their price objective on CGI from C$170.00 to C$163.00 and set an outperform rating on the stock in a report on Thursday. Raymond James boosted their target price on CGI from C$150.00 to C$167.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Finally, Canaccord Genuity Group reduced 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 research report on Friday, April 26th. Ten equities 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 an average target price of C$161.27.

CGI Price Performance

GIB.A stock opened at C$141.86 on Thursday. The firm has a 50 day simple moving average of C$149.43 and a two-hundred day simple moving average of C$144.90. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. The stock has a market cap of C$29.27 billion, a PE ratio of 20.50, a P/E/G ratio of 1.48 and a beta of 0.80. CGI has a one year low of C$127.73 and a one year high of C$160.40.

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.