CGI (TSE:GIB.A) PT Lowered to C$163.00 at Royal Bank of Canada

CGI (TSE:GIB.A) (NYSE:GIB) had its price target cut by Royal Bank of Canada from C$170.00 to C$163.00 in a report issued on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently weighed in on GIB.A. CIBC lifted their price objective on shares of CGI from C$155.00 to C$169.00 and gave the company an outperform rating in a report on Thursday, February 1st. Canaccord Genuity Group reduced their price target on CGI from C$166.00 to C$160.00 and set a buy rating for the company in a report on Friday, April 26th. BMO Capital Markets raised their price objective on CGI from C$155.00 to C$170.00 and gave the company an outperform rating in a report on Thursday, February 1st. Desjardins reduced their target price on CGI from C$164.00 to C$162.00 and set a buy rating for the company in a research note on Wednesday, April 24th. Finally, Stifel Nicolaus increased their target price 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. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CGI currently has an average rating of Buy and an average price target of C$161.27.

CGI Price Performance

Shares of TSE GIB.A opened at C$141.86 on Thursday. 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 firm’s 50 day simple moving average is C$149.43 and its 200-day simple moving average is C$144.90. CGI has a 12 month low of C$127.73 and a 12 month high of C$160.40. The stock has a market capitalization of C$29.27 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.48 and a beta of 0.80.

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.