CGI Inc (TSE:GIB.A) Given Average Rating of “Moderate Buy” by Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$160.00.

GIB.A has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their price objective on shares of 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. Sanford C. Bernstein lifted their target price on CGI from C$126.00 to C$127.00 in a research note on Thursday, May 2nd. CIBC cut shares of CGI from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$165.00 to C$151.00 in a research report on Friday, June 21st. Royal Bank of Canada dropped their target price on shares of CGI from C$170.00 to C$163.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Finally, TD Securities upgraded shares of CGI from a “hold” rating to a “buy” rating and decreased their price target for the stock from C$165.00 to C$160.00 in a research note on Thursday, May 2nd.

CGI Trading Down 1.1 %

CGI stock opened at C$137.36 on Thursday. CGI has a 12-month low of C$127.73 and a 12-month high of C$160.40. The firm has a market capitalization of C$28.26 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 1.48 and a beta of 0.81. The firm has a 50 day moving average of C$139.81 and a 200 day moving average of C$145.51. The company has a current ratio of 1.17, a quick ratio of 0.97 and a debt-to-equity ratio of 34.26.

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.