CGI (TSE:GIB.A) Price Target Cut to C$175.00 by Analysts at Royal Bank Of Canada

Key Points

• CGI's price target was lowered by Royal Bank of Canada from C$185.00 to C$175.00, while maintaining an "outperform" rating, suggesting a potential upside of 29.37% from the current price.
• Other analysts, including CIBC and Scotiabank, also reduced their price targets, reflecting a trend among several investment firms regarding CGI stock values.
• The company has a consensus rating of "Buy" among eleven investment analysts, with an average price target set at C$173.00.

CGI (TSE:GIB.A - Get Free Report) NYSE: GIB had its price objective decreased by analysts at Royal Bank Of Canada from C$185.00 to C$175.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 29.37% from the stock's current price.

A number of other research analysts have also recently commented on the stock. CIBC reduced their price target on shares of CGI from C$183.00 to C$180.00 in a research report on Monday, July 21st. Scotiabank reduced their price target on shares of CGI from C$185.00 to C$175.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Raymond James Financial reduced their price target on shares of CGI from C$183.00 to C$178.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Desjardins lowered their price target on shares of CGI from C$173.00 to C$166.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Canaccord Genuity Group lowered their price target on shares of CGI from C$190.00 to C$180.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$173.00.

CGI Price Performance

Shares of GIB.A stock traded up C$1.22 during trading on Thursday, hitting C$135.27. The company had a trading volume of 271,855 shares, compared to its average volume of 426,472. 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 stock's 50-day moving average is C$143.40 and its two-hundred day moving average is C$149.42. The stock has a market capitalization of C$27.57 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. CGI has a 52 week low of C$132.09 and a 52 week high of C$175.35.

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.

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