CGI (TSE:GIB.A) PT Lowered to C$163.00 at Royal Bank of Canada

CGI (TSE:GIB.A) (NYSE:GIB) had its target price decreased by Royal Bank of Canada from C$170.00 to C$163.00 in a report published on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group cut their price target on shares of CGI from C$166.00 to C$160.00 and set a buy rating on the stock in a research note on Friday, April 26th. Sanford C. Bernstein upped their price objective on CGI from C$126.00 to C$127.00 in a report on Thursday. Scotiabank lifted their target price on CGI from C$155.00 to C$165.00 and gave the company an outperform rating in a report on Thursday, February 1st. TD Securities lowered CGI from a buy rating to a hold rating and dropped their price target for the stock from C$170.00 to C$165.00 in a research note on Friday, March 22nd. Finally, Desjardins reduced their price objective on CGI from C$164.00 to C$162.00 and set a buy rating on the stock in a research note on Wednesday, April 24th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of C$161.27.

CGI Trading Up 1.6 %

Shares of GIB.A stock opened at C$141.86 on Thursday. The firm’s 50-day simple moving average is C$149.43 and its 200-day simple moving average is C$145.04. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. CGI has a 1-year low of C$127.73 and a 1-year high of C$160.40. The firm has a market cap of C$29.27 billion, a P/E ratio of 20.50, a PEG ratio of 1.48 and a beta of 0.80.

About CGI

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.