CGI (TSE:GIB.A - Get Free Report) NYSE: GIB had its price target reduced by research analysts at CIBC from C$183.00 to C$180.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC's target price indicates a potential upside of 30.68% from the stock's current price.
GIB.A has been the topic of several other reports. Raymond James Financial decreased 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 note on Thursday, May 1st. Canaccord Genuity Group reduced their price objective on CGI from C$190.00 to C$180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Royal Bank Of Canada cut their price target on shares of CGI from C$192.00 to C$185.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Scotiabank decreased their price target on shares of 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. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$175.62.
Get Our Latest Research Report on GIB.A
CGI Trading Up 0.9%
Shares of GIB.A traded up C$1.24 during midday trading on Monday, reaching C$137.74. The company had a trading volume of 270,086 shares, compared to its average volume of 423,396. The stock has a market cap of C$28.07 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. CGI has a 1-year low of C$132.09 and a 1-year high of C$175.35. The firm has a 50 day simple moving average of C$145.47 and a 200-day simple moving average of C$150.39.
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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