CGI (TSE:GIB.A - Get Free Report) NYSE: GIB had its price objective cut by research analysts at Royal Bank Of Canada from C$185.00 to C$175.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 32.95% from the stock's previous close.
Several other analysts have also issued reports on GIB.A. CIBC lowered their target price on CGI from C$183.00 to C$180.00 in a research note on Monday, July 21st. Canaccord Genuity Group reduced their price target on CGI from C$190.00 to C$180.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Raymond James Financial reduced their price target on CGI from C$183.00 to C$178.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Scotiabank reduced their price target on CGI from C$185.00 to C$175.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Desjardins reduced their price target on CGI from C$173.00 to C$166.00 and set a "buy" rating for the company in a research report on Tuesday, July 29th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$179.40.
View Our Latest Stock Analysis on CGI
CGI Stock Performance
Shares of GIB.A traded down C$1.95 during mid-day trading on Thursday, hitting C$131.63. The stock had a trading volume of 464,479 shares, compared to its average volume of 429,533. The firm has a market cap of C$26.82 billion, a P/E ratio of 18.41, a PEG ratio of 2.24 and a beta of 0.86. The business has a fifty day moving average price of C$142.82 and a 200-day moving average price of C$149.02. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. CGI has a 52 week low of C$131.48 and a 52 week high of C$175.35.
About CGI
(
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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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