Desjardins Forecasts Strong Price Appreciation for CGI (TSE:GIB.A) Stock

CGI (TSE:GIB.A) (NYSE:GIB) had its target price boosted by stock analysts at Desjardins from C$178.00 to C$190.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 10.90% from the company’s current price.

Several other research firms have also issued reports on GIB.A. CIBC boosted their target price on CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets boosted their price objective on shares of CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a report on Thursday. Canaccord Genuity Group lifted their price target on shares of CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Raymond James upped their price objective on shares of CGI from C$180.00 to C$183.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Canaccord Genuity Group raised their price objective on CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research note on Thursday. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, CGI has an average rating of “Buy” and an average price target of C$178.31.

CGI Stock Down 0.7 %

TSE:GIB.A opened at C$171.33 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. CGI has a 12-month low of C$132.06 and a 12-month high of C$175.35. The stock’s fifty day simple moving average is C$158.26 and its 200-day simple moving average is C$153.80. The firm has a market capitalization of C$34.92 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.24 and a beta of 0.86.

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.