CGI (TSE:GIB.A) PT Set at C$157.00 by Desjardins

CGI (TSE:GIB.A) (NYSE:GIB) has been given a C$157.00 target price by analysts at Desjardins in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 34.65% from the company’s current price.

Other analysts also recently issued reports about the company. CIBC decreased their price target on CGI from C$139.00 to C$132.00 in a research note on Thursday. Scotiabank set a C$140.00 price target on CGI and gave the stock a “sector perform” rating in a report on Tuesday. BMO Capital Markets decreased their target price on shares of CGI from C$145.00 to C$137.00 in a research report on Thursday. TD Securities dropped their price objective on shares of CGI from C$190.00 to C$145.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Finally, Sanford C. Bernstein raised their price objective on CGI from C$137.00 to C$142.00 in a report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$151.40.

CGI Stock Down 0.4%

Shares of TSE:GIB.A traded down C$0.49 during trading on Thursday, hitting C$116.60. The company’s stock had a trading volume of 544,511 shares, compared to its average volume of 524,447. The company has a market capitalization of C$25.22 billion, a PE ratio of 15.86, a P/E/G ratio of 2.24 and a beta of 0.23. The business has a 50 day moving average price of C$125.89 and a two-hundred day moving average price of C$127.63. CGI has a fifty-two week low of C$113.60 and a fifty-two week high of C$175.35. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

CGI (TSE:GIB.A) (NYSE:GIB) last posted its earnings results on Wednesday, January 28th. The company reported C$2.12 EPS for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The firm had revenue of C$4.08 billion for the quarter. As a group, research analysts expect that CGI will post 8.3679245 EPS for the current fiscal year.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.