Desjardins Increases CGI (TSE:GIB.A) Price Target to C$172.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price raised by Desjardins from C$166.00 to C$172.00 in a report published on Thursday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on GIB.A. Jefferies Financial Group boosted their target price on shares of CGI from C$121.00 to C$132.00 and gave the company a buy rating in a research report on Thursday. Raymond James raised their price objective on CGI from C$167.00 to C$171.00 and gave the company an outperform rating in a research note on Thursday. CIBC upped their target price on CGI from C$151.00 to C$155.00 and gave the stock a neutral rating in a research report on Thursday. Canaccord Genuity Group decreased their target price on shares of CGI from C$166.00 to C$160.00 and set a buy rating for the company in a research report on Friday, April 26th. Finally, Royal Bank of Canada raised their price target on shares of CGI from C$163.00 to C$170.00 and gave the company an outperform rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$165.25.

CGI Stock Down 2.3 %

Shares of TSE:GIB.A opened at C$151.05 on Thursday. The business’s 50-day moving average is C$141.26 and its 200-day moving average is C$146.05. CGI has a 1 year low of C$129.00 and a 1 year high of C$160.40. The company has a market capitalization of C$31.08 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 1.48 and a beta of 0.81. The company has a debt-to-equity ratio of 34.26, a current ratio of 1.17 and a quick ratio of 0.97.

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.