CGI (TSE:GIB.A) Downgraded by CIBC

CIBC downgraded shares of CGI (TSE:GIB.AFree Report) (NYSE:GIB) from an outperform rating to a neutral rating in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has C$151.00 price objective on the stock, down from their prior price objective of C$165.00.

GIB.A has been the subject of a number of other reports. BMO Capital Markets lowered their price target on CGI from C$170.00 to C$160.00 and set an outperform rating for the company in a research report on Thursday, May 2nd. Desjardins lowered their price target on CGI from C$164.00 to C$162.00 and set a buy rating for the company in a research report on Wednesday, April 24th. Canaccord Genuity Group reduced their price objective on CGI from C$166.00 to C$160.00 and set a buy rating for the company in a research note on Friday, April 26th. TD Securities upgraded CGI from a hold rating to a buy rating and reduced their price objective for the company from C$165.00 to C$160.00 in a research note on Thursday, May 2nd. Finally, Sanford C. Bernstein upped their price objective on CGI from C$126.00 to C$127.00 in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of C$160.00.

View Our Latest Stock Analysis on CGI

CGI Price Performance

Shares of GIB.A opened at C$135.93 on Friday. CGI has a 52-week low of C$127.73 and a 52-week high of C$160.40. The company has a debt-to-equity ratio of 34.26, a quick ratio of 0.97 and a current ratio of 1.17. The business’s 50 day moving average price is C$140.01 and its two-hundred day moving average price is C$145.57. The firm has a market cap of C$27.97 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81.

About CGI

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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.

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Analyst Recommendations for CGI (TSE:GIB.A)

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