CGI (TSE:GIB.A) PT Lowered to C$160.00 at BMO Capital Markets

CGI (TSE:GIB.A) (NYSE:GIB) had its price target reduced by stock analysts at BMO Capital Markets from C$170.00 to C$160.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 14.84% from the company’s previous close.

GIB.A has been the subject of several other reports. Stifel Nicolaus lifted their price objective on shares of CGI from C$160.00 to C$170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. TD Securities raised shares of CGI from a “hold” rating to a “buy” rating and reduced their price target for the company from C$165.00 to C$160.00 in a research report on Thursday. Desjardins reduced their price target on shares of CGI from C$164.00 to C$162.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Scotiabank boosted their price target on shares of CGI from C$155.00 to C$165.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada reduced their price target on shares of CGI from C$170.00 to C$163.00 and set an “outperform” rating for the company in a research report on Thursday. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$161.27.

CGI Stock Up 1.9 %

Shares of CGI stock traded up C$2.62 during trading on Thursday, hitting C$139.32. 176,424 shares of the stock were exchanged, compared to its average volume of 305,341. The stock has a market cap of C$28.75 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The firm’s 50-day moving average price is C$150.02 and its 200 day moving average price is C$144.89. CGI has a 12-month low of C$127.73 and a 12-month high of C$160.40. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97.

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.