CGI (GIB.A) Price Target Raised to C$100.00
CGI (TSE:GIB.A) (NYSE:GIB) had its price objective increased by Raymond James from C$94.00 to C$100.00 in a research report released on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Other equities analysts have also recently issued reports about the stock. CIBC upped their price target on shares of CGI from C$90.00 to C$92.00 in a research report on Tuesday, March 12th. Canaccord Genuity upped their price target on shares of CGI from C$90.00 to C$95.00 in a research report on Thursday, January 31st. TD Securities upped their price target on shares of CGI from C$96.00 to C$97.00 and gave the company a buy rating in a research report on Thursday, January 31st. Barclays restated a buy rating and issued a C$92.00 price target on shares of CGI in a research report on Thursday, January 31st. Finally, Desjardins cut shares of CGI from a buy rating to a hold rating and set a C$94.50 price objective for the company. in a research report on Thursday, January 31st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of C$92.85.
Shares of TSE GIB.A opened at C$94.54 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 28.03. CGI has a 52-week low of C$61.73 and a 52-week high of C$77.22. The company has a market capitalization of $22.97 billion and a price-to-earnings ratio of 23.93.
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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