CGI (TSE:GIB.A) Sets New 52-Week High – Here’s What Happened

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) reached a new 52-week high during trading on Friday . The company traded as high as C$160.74 and last traded at C$160.58, with a volume of 50497 shares. The stock had previously closed at C$159.66.

Analyst Upgrades and Downgrades

GIB.A has been the topic of several research reports. Raymond James raised their price objective on shares of CGI from C$167.00 to C$171.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. National Bankshares raised their price target on CGI from C$175.00 to C$185.00 in a research report on Thursday, August 1st. Jefferies Financial Group upped their price objective on CGI from C$121.00 to C$132.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. CIBC raised CGI from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$155.00 to C$178.00 in a report on Tuesday, October 15th. Finally, Sanford C. Bernstein boosted their target price on CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$167.17.

CGI Stock Up 0.6 %

The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The stock has a 50 day simple moving average of C$152.80 and a 200 day simple moving average of C$145.89. The firm has a market capitalization of C$32.72 billion, a PE ratio of 22.46, a PEG 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.