CGI (TSE:GIB.A) Stock Price Expected to Rise, Scotiabank Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its price target boosted by research analysts at Scotiabank from C$170.00 to C$185.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 7.98% from the company’s current price.

Other equities analysts also recently issued reports about the stock. TD Securities increased their price target on shares of CGI from C$180.00 to C$190.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets upped their target price on CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a report on Thursday. Desjardins raised their target price on CGI from C$178.00 to C$190.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada upped their price target on CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Raymond James raised their price objective on CGI from C$180.00 to C$183.00 and gave the company an “outperform” rating in a research report on Thursday. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$178.31.

CGI Stock Down 0.7 %

Shares of CGI stock opened at C$171.33 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.97 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 company has a market cap of C$34.92 billion, a P/E ratio of 23.96, a PEG ratio of 2.24 and a beta of 0.86. The company’s fifty day simple moving average is C$158.26 and its two-hundred day simple moving average is C$153.80.

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.