CGI Inc (TSE:GIB.A) Receives C$167.30 Average Price Target from Analysts

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have received an average recommendation of “Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$161.27.

GIB.A has been the topic of several research analyst reports. Sanford C. Bernstein raised their price objective on CGI from C$126.00 to C$127.00 in a report on Thursday. TD Securities upgraded CGI from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$165.00 to C$160.00 in a research note on Thursday. CIBC decreased their target price on CGI from C$169.00 to C$165.00 and set an “outperform” rating on the stock in a research report on Thursday. Scotiabank boosted their price target on CGI from C$155.00 to C$165.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Raymond James raised their price objective on CGI from C$150.00 to C$167.00 and gave the company an “outperform” rating in a report on Thursday, February 1st.

CGI Trading Up 1.6 %

GIB.A stock opened at C$141.86 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93. CGI has a 52-week low of C$127.73 and a 52-week high of C$160.40. The company’s 50-day simple moving average is C$149.43 and its 200-day simple moving average is C$145.04. The firm has a market cap of C$29.27 billion, a P/E ratio of 20.50, a PEG ratio of 1.48 and a beta of 0.80.

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.