CGI (TSE:GIB.A) Stock Price Expected to Rise, CIBC Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its target price increased by CIBC from C$178.00 to C$183.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 5.10% from the stock’s previous close.

Several other equities research analysts have also issued reports on GIB.A. Raymond James lifted their target price on shares of CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of CGI from C$180.00 to C$185.00 in a report on Thursday. Royal Bank of Canada raised their price target on CGI from C$170.00 to C$178.00 in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group upped their price objective on CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$178.31.

CGI Price Performance

TSE:GIB.A traded up C$8.55 during trading hours on Thursday, hitting C$174.12. 157,411 shares of the company’s stock traded hands, compared to its average volume of 301,690. CGI has a 52 week low of C$132.06 and a 52 week high of C$174.87. The business’s fifty day simple moving average is C$157.88 and its two-hundred day simple moving average is C$153.67. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The firm has a market cap of C$35.48 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.24 and a beta of 0.86.

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.