TD Securities Boosts CGI (TSE:GIB.A) Price Target to C$190.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by analysts at TD Securities from C$180.00 to C$190.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 10.90% from the company’s previous close.

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

CGI Stock Performance

GIB.A stock opened at C$171.33 on Thursday. The firm has a market cap of C$34.92 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The stock has a 50-day moving average price of C$158.26 and a 200-day moving average price of C$153.80. CGI has a 1-year low of C$132.06 and a 1-year high of C$175.35.

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.