CGI (TSE:GIB.A) Downgraded to “Neutral” at CIBC

CIBC lowered shares of CGI (TSE:GIB.A) (NYSE:GIB) from an outperform rating to a neutral rating in a research report report published on Friday morning, BayStreet.CA reports. They currently have C$151.00 price target on the stock, down from their prior price target of C$165.00.

Other equities analysts have also issued reports about the company. Sanford C. Bernstein boosted their price objective on CGI from C$126.00 to C$127.00 in a research report on Thursday, May 2nd. TD Securities raised CGI from a hold rating to a buy rating and reduced their price target for the stock from C$165.00 to C$160.00 in a research report on Thursday, May 2nd. BMO Capital Markets reduced their price target on CGI from C$170.00 to C$160.00 and set an outperform rating for the company in a research report on Thursday, May 2nd. Canaccord Genuity Group reduced their price target on CGI from C$166.00 to C$160.00 and set a buy rating for the company in a research report on Friday, April 26th. Finally, Royal Bank of Canada reduced their price target on CGI from C$170.00 to C$163.00 and set an outperform rating for the company in a research report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, CGI has a consensus rating of Moderate Buy and an average target price of C$160.00.

CGI Price Performance

Shares of GIB.A opened at C$135.93 on Friday. The company has a debt-to-equity ratio of 34.26, a quick ratio of 0.97 and a current ratio of 1.17. The stock has a 50 day simple moving average of C$140.01 and a 200 day simple moving average of C$145.50. CGI has a 52-week low of C$127.73 and a 52-week high of C$160.40. The firm has a market capitalization of C$27.97 billion, a PE ratio of 19.39, a P/E/G ratio of 1.48 and a beta of 0.81.

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.