CGI (TSE:GIB.A) Upgraded to “Buy” by TD Securities

TD Securities upgraded shares of CGI (TSE:GIB.A) (NYSE:GIB) from a hold rating to a buy rating in a report issued on Thursday, BayStreet.CA reports. The firm currently has C$160.00 price objective on the stock, down from their previous price objective of C$165.00.

Several other research firms have also recently weighed in on GIB.A. Stifel Nicolaus lifted their price target on CGI from C$160.00 to C$170.00 and gave the stock a buy rating in a report on Tuesday, January 30th. Royal Bank of Canada dropped their target price on CGI from C$170.00 to C$163.00 and set an outperform rating for the company in a report on Thursday. Scotiabank upped their price target on shares of CGI from C$155.00 to C$165.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Desjardins lowered their price target on shares of CGI from C$164.00 to C$162.00 and set a buy rating on the stock in a research report on Wednesday, April 24th. Finally, Canaccord Genuity Group cut their price objective on shares of CGI from C$166.00 to C$160.00 and set a buy rating for the company in a report on Friday, April 26th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of C$161.27.

CGI Trading Up 1.6 %

Shares of GIB.A stock opened at C$141.86 on Thursday. CGI has a 12-month low of C$127.73 and a 12-month high of C$160.40. The company has a market capitalization 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 firm has a 50 day moving average price of C$149.43 and a two-hundred day moving average price of C$144.90. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93.

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.