CGI Inc (TSE:GIB.A) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB have been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$167.30.

GIB.A has been the subject of several analyst reports. Scotiabank raised their price target 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. Desjardins lowered their price target on shares of CGI from C$164.00 to C$162.00 and set a "buy" rating for the company in a report on Wednesday, April 24th. Canaccord Genuity Group lowered their price target on shares of CGI from C$166.00 to C$160.00 and set a "buy" rating for the company in a report on Friday, April 26th. Stifel Nicolaus lifted their price objective on shares of CGI from C$160.00 to C$170.00 and gave the company a "buy" rating in a research note on Tuesday, January 30th. Finally, TD Securities downgraded shares of CGI from a "buy" rating to a "hold" rating and reduced their price target for the company from C$170.00 to C$165.00 in a research report on Friday, March 22nd.

CGI Trading Down 2.0 %

TSE GIB.A traded down C$2.79 during trading hours on Wednesday, reaching C$136.70. The company's stock had a trading volume of 421,666 shares, compared to its average volume of 306,982. The firm has a fifty day simple moving average of C$150.02 and a 200-day simple moving average of C$144.89. The stock has a market cap of C$28.21 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.48 and a beta of 0.80. CGI has a 52 week low of C$127.73 and a 52 week high of C$160.40. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97.

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.