CGI (TSE:GIB.A) Price Target Raised to C$185.00 at Scotiabank

CGI (TSE:GIB.A) (NYSE:GIB) had its price target hoisted by equities research analysts at Scotiabank from C$170.00 to C$185.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 6.25% from the stock’s previous close.

Several other equities analysts also recently issued reports on GIB.A. BMO Capital Markets increased their price objective on shares of CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a report on Thursday. Desjardins increased their target price on CGI from C$178.00 to C$190.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus lifted their price target on CGI from C$180.00 to C$185.00 in a research note on Thursday. Royal Bank of Canada increased their price objective on CGI from C$178.00 to C$192.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Canaccord Genuity Group lifted their target price on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$178.31.

CGI Price Performance

Shares of CGI stock traded up C$8.55 on Thursday, reaching C$174.12. The company’s stock had a trading volume of 157,411 shares, compared to its average volume of 301,690. 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 company has a market capitalization of C$35.48 billion, a P/E ratio of 24.35, a PEG ratio of 2.24 and a beta of 0.86. The stock has a 50-day moving average price of C$157.88 and a 200-day moving average price of C$153.67. CGI has a 52-week low of C$132.06 and a 52-week high of C$174.87.

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.