Brokerages Set CGI Inc (TSE:GIB.A) Price Target at C$166.36

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB has earned an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$166.36.

A number of brokerages have weighed in on GIB.A. TD Securities cut shares of CGI from a "buy" rating to a "hold" rating and cut their price objective for the stock from C$170.00 to C$165.00 in a report on Friday, March 22nd. CIBC upped their price objective on shares of CGI from C$155.00 to C$169.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. Stifel Nicolaus upped their price objective on shares of CGI from C$160.00 to C$170.00 and gave the stock a "buy" rating in a report on Tuesday, January 30th. Scotiabank upped their price objective on shares of CGI from C$155.00 to C$165.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada upped their price objective on shares of CGI from C$155.00 to C$170.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st.

CGI Trading Up 0.1 %

Shares of TSE GIB.A traded up C$0.15 during midday trading on Friday, hitting C$144.84. 400,726 shares of the company traded hands, compared to its average volume of 298,737. CGI has a 12-month low of C$127.73 and a 12-month high of C$160.40. The company has a debt-to-equity ratio of 34.93, a quick ratio of 0.97 and a current ratio of 1.11. The stock has a 50-day moving average price of C$153.56 and a 200 day moving average price of C$143.87. The firm has a market cap of C$29.89 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.48 and a beta of 0.80.

About CGI

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.