Raymond James Increases CGI (TSE:GIB.A) Price Target to C$183.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target raised by equities research analysts at Raymond James from C$180.00 to C$183.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 6.81% from the company’s previous close.

Several other equities analysts have also weighed in on GIB.A. Stifel Nicolaus lifted their target price on shares of CGI from C$180.00 to C$185.00 in a report on Thursday. Royal Bank of Canada boosted their price objective on CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a research note on Thursday. CIBC increased their target price on CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a research note on Thursday. Canaccord Genuity Group upped their price target on CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group lifted their price objective on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$178.31.

CGI Trading Down 0.7 %

TSE GIB.A opened at C$171.33 on Thursday. The firm has a market capitalization of C$34.92 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 2.24 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. CGI has a one year low of C$132.06 and a one year high of C$175.35. The company’s 50 day moving average price is C$158.26 and its 200 day moving average price is C$153.80.

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.