CGI (TSE:GIB.A) Price Target Lowered to C$175.00 at Scotiabank

CGI (TSE:GIB.A - Get Free Report) NYSE: GIB had its target price cut by research analysts at Scotiabank from C$185.00 to C$175.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's price target indicates a potential upside of 20.85% from the company's previous close.

Several other research firms have also recently weighed in on GIB.A. Stifel Nicolaus increased their target price on shares of CGI from C$180.00 to C$185.00 in a research note on Thursday, January 30th. CIBC raised their price objective on CGI from C$178.00 to C$183.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Raymond James boosted their price objective on CGI from C$180.00 to C$183.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. BMO Capital Markets raised their target price on CGI from C$177.00 to C$190.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, TD Securities boosted their price target on shares of CGI from C$180.00 to C$190.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, CGI has a consensus rating of "Buy" and a consensus price target of C$175.85.

CGI Stock Performance

TSE:GIB.A traded up C$0.34 during trading hours on Tuesday, hitting C$144.81. 343,701 shares of the company traded hands, compared to its average volume of 452,813. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. CGI has a twelve month low of C$132.06 and a twelve month high of C$175.35. The firm has a 50-day moving average of C$145.49 and a 200 day moving average of C$154.93. The stock has a market capitalization of C$29.51 billion, a price-to-earnings ratio of 20.25, a P/E/G 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.