Canaccord Genuity Group Lowers CGI (TSE:GIB.A) Price Target to C$160.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price decreased by Canaccord Genuity Group from C$166.00 to C$160.00 in a research report report published on Friday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets increased their target price on shares of CGI from C$155.00 to C$170.00 and gave the stock an outperform rating in a report on Thursday, February 1st. Desjardins cut their target price on shares of CGI from C$164.00 to C$162.00 and set a buy rating on the stock in a research report on Wednesday. Scotiabank upped their price target on shares of CGI from C$155.00 to C$165.00 and gave the stock an outperform rating in a report on Thursday, February 1st. Royal Bank of Canada increased their price target on CGI from C$155.00 to C$170.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Finally, TD Securities lowered CGI from a buy rating to a hold rating and reduced their price objective for the stock from C$170.00 to C$165.00 in a research report on Friday, March 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$165.73.

CGI Price Performance

Shares of GIB.A stock opened at C$140.98 on Friday. The business has a fifty day simple moving average of C$150.86 and a 200 day simple moving average of C$144.76. The company has a market cap of C$29.09 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.48 and a beta of 0.80. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93. CGI has a twelve month low of C$127.73 and a twelve month high of C$160.40.

CGI Company Profile

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.