CGI (TSE:GIB.A) Sets New 1-Year High at $102.51
CGI Inc (TSE:GIB.A) (NYSE:GIB)’s share price hit a new 52-week high on Monday . The company traded as high as C$102.51 and last traded at C$102.46, with a volume of 31128 shares changing hands. The stock had previously closed at C$102.27.
A number of brokerages recently weighed in on GIB.A. Royal Bank of Canada raised their price objective on CGI from C$95.00 to C$100.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Raymond James reissued an “outperform” rating and set a C$104.00 price objective on shares of CGI in a report on Thursday, May 2nd. Canaccord Genuity raised their price objective on CGI from C$95.00 to C$106.00 in a report on Thursday, May 2nd. CIBC raised their price objective on CGI from C$100.00 to C$101.00 in a report on Thursday. Finally, National Bank Financial raised their price objective on CGI from C$100.00 to C$120.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$103.05.
The company has a debt-to-equity ratio of 28.03, a current ratio of 1.00 and a quick ratio of 0.84. The company has a market capitalization of $25.20 billion and a P/E ratio of 25.97.
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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