CGI (TSE:GIB.A) Given a C$135.00 Price Target at National Bank Financial

CGI (TSE:GIB.A) (NYSE:GIB) has been given a C$135.00 target price by stock analysts at National Bank Financial in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 44.96% from the stock’s current price.

A number of other brokerages also recently issued reports on GIB.A. BMO Capital Markets reduced their price objective on shares of CGI from C$137.00 to C$122.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Scotiabank reduced their price objective on shares of CGI from C$140.00 to C$120.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. Canaccord Genuity Group reduced their price objective on shares of CGI from C$150.00 to C$140.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Sanford C. Bernstein reduced their price objective on shares of CGI from C$143.00 to C$141.00 in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada cut shares of CGI from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$150.00 to C$100.00 in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$126.31.

CGI Trading Down 0.4%

CGI stock traded down C$0.36 during mid-day trading on Friday, reaching C$93.13. 179,171 shares of the company traded hands, compared to its average volume of 685,820. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The firm’s 50 day moving average price is C$95.55 and its 200 day moving average price is C$108.10. The firm has a market capitalization of C$19.50 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 2.24 and a beta of 0.09. CGI has a 52-week low of C$83.34 and a 52-week high of C$150.00.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 earnings per share (EPS) for the quarter. The business had revenue of C$4.16 billion for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. On average, analysts anticipate that CGI will post 8.3679245 earnings per share for the current fiscal year.

About CGI

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.