CGI (TSE:GIB.A) Given a C$192.00 Price Target at Royal Bank of Canada

CGI (TSE:GIB.A) (NYSE:GIB) has been assigned a C$192.00 price objective by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 35.07% from the stock’s current price.

GIB.A has been the subject of several other reports. Scotiabank lifted their price target on CGI from C$170.00 to C$185.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Raymond James lifted their target price on CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Canaccord Genuity Group upped their price target on shares of CGI from C$175.00 to C$190.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Stifel Nicolaus lifted their price objective on shares of CGI from C$180.00 to C$185.00 in a research note on Thursday, January 30th. Finally, CIBC increased their target price on shares of CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$178.31.

CGI Trading Down 0.6 %

Shares of GIB.A stock opened at C$142.15 on Wednesday. CGI has a 12-month low of C$132.06 and a 12-month high of C$175.35. The company has a market capitalization of C$28.97 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The firm has a 50 day moving average price of C$158.51 and a two-hundred day moving average price of C$157.05. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

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.