CGI (TSE:GIB.A) Price Target Lowered to C$162.00 at Desjardins

CGI (TSE:GIB.A) (NYSE:GIB) had its price target trimmed by Desjardins from C$164.00 to C$162.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on GIB.A. Scotiabank upped their target price on shares of CGI from C$155.00 to C$165.00 and gave the company an outperform rating in a report on Thursday, February 1st. BMO Capital Markets upped their price target on shares of CGI from C$155.00 to C$170.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Canaccord Genuity Group upped their price target on shares of CGI from C$152.00 to C$166.00 and gave the company a buy rating in a research note on Thursday, February 1st. Raymond James upped their price target on shares of CGI from C$150.00 to C$167.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Finally, Stifel Nicolaus upped their price target on shares of CGI from C$160.00 to C$170.00 and gave the company a buy rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, CGI has a consensus rating of Moderate Buy and an average target price of C$165.73.

CGI Stock Up 0.1 %

Shares of GIB.A stock opened at C$140.98 on Wednesday. The company has a debt-to-equity ratio of 34.93, a quick ratio of 0.97 and a current ratio of 1.11. The firm’s 50-day moving average is C$150.86 and its 200-day moving average is C$144.76. The stock has a market cap of C$29.09 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.48 and a beta of 0.80. CGI has a 52-week low of C$127.73 and a 52-week 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.