CGI (TSE:GIB.A - Free Report) NYSE: GIB had its price objective lowered by Desjardins from C$164.00 to C$162.00 in a research note released on Wednesday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.
Other analysts also recently issued reports about the stock. CIBC raised their price objective on shares of CGI from C$155.00 to C$169.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Royal Bank of Canada raised their price objective on shares of CGI from C$155.00 to C$170.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Scotiabank raised their target price on shares of CGI from C$155.00 to C$165.00 and gave the company an outperform rating in a research note on Thursday, February 1st. BMO Capital Markets raised their target price on shares of CGI from C$155.00 to C$170.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Finally, Stifel Nicolaus raised their target price 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of C$166.27.
Check Out Our Latest Report on GIB.A
CGI Stock Performance
GIB.A traded down C$0.12 during trading on Wednesday, hitting C$143.73. The company's stock had a trading volume of 220,871 shares, compared to its average volume of 305,457. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93. CGI has a one year low of C$127.73 and a one year high of C$160.40. The firm has a market cap of C$29.66 billion, a PE ratio of 20.77, a P/E/G ratio of 1.48 and a beta of 0.80. The business's 50 day simple moving average is C$151.44 and its 200-day simple moving average is C$144.76.
CGI Company Profile
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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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