CGI (NYSE:GIB) Stock Rating Upgraded by StockNews.com

CGI (NYSE:GIB) (TSE:GIB.A) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other research analysts also recently issued research reports about the company. CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and lifted their price objective for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. UBS Group assumed coverage on CGI in a report on Friday, July 19th. They set a “neutral” rating and a $112.00 price target on the stock. Sanford C. Bernstein upgraded CGI to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $137.00.

CGI Stock Down 4.5 %

GIB opened at $107.06 on Friday. The company has a market cap of $24.40 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.37 and a beta of 0.96. The business’s 50-day moving average price is $113.93 and its 200-day moving average price is $107.84. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. CGI has a 12 month low of $96.92 and a 12 month high of $118.89.

Institutional Trading of CGI

Large investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of CGI by 288.2% in the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after purchasing an additional 585 shares in the last quarter. CWM LLC boosted its position in shares of CGI by 14.8% in the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after purchasing an additional 176 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new stake in shares of CGI in the 3rd quarter worth approximately $208,000. Thrivent Financial for Lutherans bought a new stake in shares of CGI in the 3rd quarter worth approximately $209,000. Finally, Atria Investments Inc bought a new position in CGI in the 3rd quarter valued at approximately $218,000. 66.68% of the stock is owned by institutional investors.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.