CGI (TSE:GIB.A - Free Report) NYSE: GIB had its target price cut by Canaccord Genuity Group from C$166.00 to C$160.00 in a report published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other research firms have also commented on GIB.A. Stifel Nicolaus raised their price target on shares of CGI from C$160.00 to C$170.00 and gave the stock a buy rating in a research report on Tuesday, January 30th. Desjardins dropped their price target on shares of CGI from C$164.00 to C$162.00 and set a buy rating on the stock in a research report on Wednesday. Royal Bank of Canada boosted their price target on shares of CGI from C$155.00 to C$170.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. BMO Capital Markets boosted 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 report on Thursday, February 1st. Finally, Raymond James boosted their price target on shares of CGI from C$150.00 to C$167.00 and gave the company an outperform rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of C$165.73.
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CGI Trading Up 0.1 %
TSE GIB.A traded up C$0.14 during trading hours on Friday, hitting C$140.98. The company's stock had a trading volume of 223,699 shares, compared to its average volume of 305,120. CGI has a twelve month low of C$127.73 and a twelve month high of C$160.40. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93. The firm has a market capitalization of C$29.09 billion, a P/E ratio of 20.37, a PEG ratio of 1.48 and a beta of 0.80. The stock has a fifty day moving average of C$151.14 and a 200 day moving average of C$144.73.
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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