CGI (TSE:GIB.A) Stock Gets Price Target Increase from Stifel Nicolaus

CGI (TSE:GIB.A) (NYSE:GIB) had its price target raised by equities research analysts at Stifel Nicolaus from C$120.00 to C$130.00 in a report released on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective would indicate a potential upside of 11.36% from the stock’s previous close.

Several other research firms have also commented on GIB.A. Desjardins reduced their price target on shares of CGI from C$118.00 to C$115.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Canadian Imperial Bank of Commerce increased their price objective on shares of CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th. TD lifted their price objective on shares of CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Finally, National Bank Financial boosted their price objective on shares of CGI from C$135.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$128.85.

CGI Stock Up 1.0%

Shares of CGI stock traded up C$1.13 during trading on Thursday, hitting C$116.74. 334,444 shares of the stock traded hands, compared to its average volume of 653,051. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The stock’s fifty day simple moving average is C$104.56 and its 200 day simple moving average is C$100.25. The firm has a market cap of C$24.17 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 2.24 and a beta of 0.29. CGI has a 52-week low of C$83.34 and a 52-week high of C$131.97.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings data on Wednesday, November 11th. The company reported C$2.31 earnings per share for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The company had revenue of C$4.15 billion during the quarter. On average, equities analysts predict that CGI will post 8.37 earnings per share 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 94,000 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.